How many days do I have to submit the employee portion of 401(k) after each payroll?

Here's a Question from a reader:


How many days do I have to submit the employee portion of the 401K after each payroll? I want to be sure that I am timely with the payments my employees are having withheld from their check each pay period.

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When you withhold 401(k) contributions from your employees paychecks, you have 6 days from the paydate to send those contributions to the company you work with.

This is a great question, because the IRS likes to see timely payments. It does not like to see the employer hanging on to that money.

This question kind of fell thru the cracks on this end, and I didn't see it timely. So I apologize to the sender. I try to respond to reader questions same day if I can.

Kathy

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