People who are late are usually late most of the time. I\u2019m usually always early for a meeting unless I severely misjudged traffic. I have a business partner who is almost always late, very rarely is he on time.<\/p>\n
So I think that if you\u2019re late in depositing salary deferrals once, you\u2019re liable to do it again and again. It\u2019s just a nature of life. Whether you are late once or multiple times, my rule of thumb is that you have to put a procedure in place to deal with late deposit of salary deferrals. Otherwise, you will likely have an epidemic of late deferrals, which won\u2019t make the Department of Labor happy.<\/p>\n
So consider that upon the first late deferral, you might do it again. That\u2019s why you should a procedure in place to avoid further later deposits. If you implement a procedure and follow it, you\u2019re likely not going to deposit deferrals late again.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" People who are late are usually late most of the time. I\u2019m usually always early for a meeting unless I severely misjudged traffic. I have a business partner who is almost always late, very rarely is he on time. So … Continue reading