My company was assessed “Liquidated Damages” or “Late Fees” – why?
If a Contributing Employer fails to send in a remittance report(s) and contribution(s) by the due date it will be assessed interest and late charges.
The Sheet Metal Workers’ National Pension Fund’s updated Summary Plan Description (SPD), is available here.
If a Contributing Employer fails to send in a remittance report(s) and contribution(s) by the due date it will be assessed interest and late charges.