I received an email from ExpertPlan stating “There were no enrollments and no contribution changes to your plan from mm/dd/yyyy through mm/dd/yyyy.” Why am I receiving these?
These emails go out on Monday mornings and alert you to any new enrollees into your plan and their selected deferral rate per pay period as well as any existing participant who has changed their deferral rate during the stated period. This information is being provided to you so you can adjust their payroll records accordingly. Top of Page Under normal circumstances, we would have sent the contribution check for the 12/1 payroll on approximately 1/10. Such payments are required to be sent in order to arrive by the 15th of the month after the payroll. Isn’t that soon enough? I assume you are referring to the Department of Labor regulation that reads “…that participant contributions to a plan be deposited to the plan on the earliest date that they can be reasonably segregated from an employer’s general assets, but in no event later than the 15th business day of the month following the month in which the participant contributions were deducted from their pay. You are encouraged to send
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- I received an email from ExpertPlan stating "There were no enrollments and no contribution changes to your plan from mm/dd/yyyy through mm/dd/yyyy." Why am I receiving these?
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