Chapter 8: Transmittal Reporting
Each month, employers are required to report information to DRS about each employee who is a member of a Washington State retirement system. This process is referred to as the regular transmittal report. Transmittal reports are due to DRS by the 15th of the month following the month being reported; e.g., the December transmittal is due January 15. If a transmittal report is late, DRS will assess a late penalty fee [RCW 41.50.110(5)].
DRS recommends employers send the Plan 3 member contributions and the transmittal report as close to each pay day as possible. This allows the Plan 3 members contributions to be invested as soon as possible.
Deferred Compensation Program
Participating employers are required to report their employees who choose to participate in the DCP. This report must be submitted to DRS before, on or soon after each payday. Reports that are received more than five days beyond an employer's payday will be considered late.