What if my employer does not deposit my 401k contribution?

The Department of Labor (DOL) normally assesses a penalty of 20% for fiduciary breaches, which is what happens when you do not make timely 401(k) deposits. If you file under the Voluntary Fiduciary Correction Program (VFCP), the DOL will not recommend your 401(k) plan for an audit for fiduciary breaches.

For More Information Please Refer: https://www.patriotsoftware.com/blog/payroll/depositing-401-k-contributions-on-time/