PracticeAccounting FirmsRSM Tenon’s outstanding DC contributions paid

RSM Tenon’s outstanding DC contributions paid

Baker Tilly confirms that an apparent missing employer contribution to RSM Tenon’s defined contribution scheme was paid in July 2012

Baker Tilly has said that an apparent missing employer contribution to RSM Tenon’s defined contribution (DC) scheme was paid in July 2012, Accountancy Age’s sister title Professional Pensions reports.

Last week, auditing firm RSM Tenon went into administration. Administrators Deloitte sold the company’s trading entities to Baker Tilly after an earlier deal for the latter to buy RSM Tenon outright fell through.

At the time RSM Tenon’s 2012 accounts – the most recent available – showed a shortfall in employer contributions to its DC schemes of £636,000, raising questions as to whether the contributions would be paid at all (PP Online, 23 August).

However, Baker Tilly has now confirmed that the apparent gap in contributions was due to a time-lag between payroll procedures and when the company paid the money into the scheme, and that the total employer contribution was paid in July 2012.

The payment took place within RSM Tenon Ltd, which is now not in administration and continues to trade normally.

 

 

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