Elective employee 401(k) wage deferral withholdings are to be remitted to the Fund Office once withheld from an employees paycheck.
Reporting 401(k) Contributions
Reporting 401(k) contributions for eligible employees is easy to do and can even be done through our Online Employer Reporting system.
Withheld contributions are to be forwarded to the Trust Fund weekly. In the event contributions withheld are not received by the Trust Fund within the IRS mandated period of time, delinquent contributions are subject to:
- Liquidated damages
- Assessment of lost investment earnings owed to 401(k) Plan participants
- Any excise tax penalty that may be assessed on the Employer by the Internal Revenue Service or Department of Labor
Where to Send Payments:
All 401(k) reports and payments should be mailed to:
CARPENTER TRUST FUND - EMPLOYER
PO BOX 882134
SAN FRANCISCO CA 94188-2134