any other case. (b) Failure To make deductions required under program Any covered employer who fails to timely deduct in full the amount from the wages of an employee who is an eligible individual as required under an applicable S.A.F.E. account payroll deduction program shall be subject to a civil penalty for each such failure of not to exceed— (1) $250,000, in the case of an employer who is an individual, or (2) $500,000, in any other case. (c) Failure To pay deducted wages to S.A.F.E. account If an amount deducted under a S.A.F.E. account payroll deduction program from the wages of an employee who is an eligible individual is not timely paid in full to the designated S.A.F.E. account in accordance with section 102, the covered employer failing to make such payment— (1) shall be subject to a civil penalty for each such failure of not to exceed— (A) $250,000, in the case of an employer who is an individual, or (B) $500,000, in any other case, and (2) shall be liable to the employee for interest on the unpaid amount at a rate equal to 10 percentage points in excess of the Federal short-term rate under section 1274(d)(1) of the Internal Revenue Code of 1986, calculated from the last day by which such amount was required to be so paid to the date on which such amount is paid into the designated S.A.F.E. account. (d) Failure To pay prescribed self-Employment contributions to S.A.F.E. account Any eligible individual failing to timely pay in full a prescribed self-employment contribution to a designated S.A.F.E. account as required under section 104 shall be subject to a civil penalty for each such failure of not to exceed $250,000, plus interest on the unpaid amount at a rate equal to 10 percentage points in excess of the Federal short-term rate under section 1274(d)(1) of the Internal Revenue Code of 1986, calculated from the last day by which such amount was required to be so paid to the date on which such amount is paid into the designated S.A.F.E. account. (e) Rules for application of section (1) Penalties