The Department of Labor requires timely deposits of employee deferrals and loan repayments. Any qualified defined contribution employer-sponsored retirement plan covered by ERISA must meet this standard. Over the next several weeks, we are going to some of the key questions about timely deposits of employee deferrals. MVP sees a lot of retirement plans where timeliness was not always achieved, and we have helped dozens of plan sponsors get on the right track. Please look for this series as we hope to answer any questions you might have on the topic.

As always, we’d love to talk with you about any questions you have! Give us a call to start the dialog.