Employer sponsors a money purchase plan and the plan year end is 9/30/01. Employer is having financial hardship and does not think they will be able to deposit the contribution by the filing deadline of their corporate tax return. The are past the 2 1/2 month deadline after the plan year end to apply for a minimum funding waiver. What options are available to the employer, if any.

I think they are just plain stuck! Perhaps they could borrow the required funding amount from a bank, etc., but this may be impossible if they are experiencing financial difficulties.

And if they do miss it, make sure they do the required diisclosure to participants - I'd have to look it up, but as I recall it is no later than 60 days following the due date of the funding.