BenefitsLink Message Boards > Top Hat Plan -- but no filing was done with the DOL,

Full Version: Top Hat Plan -- but no filing was done with the DOL,

BenefitsLink Message Boards > Retirement Plans > Nonqualified Deferred Compensation

katieinny

Jul 11 2007, 11:36 AM

A company set up a Top Hat plan back in the 90s. We just found out that they did not file a letter with the DOL as required. Is there an amnesty program for this type of error? The company is willing to comply, but we're wondering what penalties might be involved.

Stuartt

Jul 11 2007, 12:02 PM

Check the DOL's Delinquent Filer Voluntary Compliance Program

http://www.dol.gov/ebsa/FAQs/faq_DFVC.html

The penalty is $750

katieinny

Jul 11 2007, 12:07 PM

Stuartt: Thanks! I thought that program was only for late 5500s.

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