A NON-TECHNICAL REVIEW OF QUALIFIED RETIREMENT PLAN LEGISLATIVE AND ADMINISTRATIVE ISSUES

ITS TESTING SEASON!

Qualified plans must preform annual testing to be sure that plan doesn’t unfairly discriminate in favor of “highly compensated employees”(HCEs) or exceed the contribution limits set fourth by the IRS. Depending on your plan provisions, it isn’t just one calculation, but a series of tests that show that your plan is not discriminatory. If your plan is audited, the auditor is looking for proof of this compliance. READ MORE…

 

 

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