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The 415(c) Limit For 401(k) Plans – FAQs for Employers
The 415(c) limit caps the “annual additions” a 401(k) plan can allocate to participants each “limitation year.” To avoid violations, check out our FAQ.
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The ADP and ACP Tests - What You Need to Know
Learn about the ADP & ACP tests – the two of the three main 401(k) nondiscrimination tests.
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The Top Heavy Test - What You Need to Know
Learn everything you need to know about the Top Heavy Test – an important 401(k) nondiscrimination test.
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401(k) Nondiscrimination Testing - Basics and Deadlines
401(k) plans must pass nondiscrimination tests each year to confirm HCEs do not disproportionately benefit and that no IRS contribution limits are exceeded.
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401(k) Testing – Deadlines Employers Should Know
While a professional TPA usually completes 401k testing, employers must understand the deadlines that apply to test corrections and contribution deposits.
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How to Attribute Family Ownership When 401(k) Plan Testing
Under the 401(k) family attribution rules, individuals are attributed the ownership of family members. These rules can greatly affect plan test results.
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401(k) Plan Coverage Testing – What Employers Need to Know
The IRC section 410(b) coverage test ensures a 401(k) plan sufficiently covers Non-Highly Compensated Employees. Employers should understand its basics.
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When ADP/ACP Testing Fails, 401(k) Fiduciaries Should Understand Their Options
March 15 was the deadline for most 401k plans to distribute 2015 ADP/ACP test corrections in order to avoid a 10% IRS excise tax. Small business 401k fiduciaries do not need to settle for annual ADP/ACP test failures. There are many ways ADP/ACP test returns can be avoided or reduced. Once a fiduciary understands these options, they can discuss them with their 401k provider.
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401(k) Testing and Compliance: Is a Safe Harbor Plan Really Frugal?
It’s tax season. The Frugal Fiduciary shares his thoughts on 401(k) testing and compliance and how a 401(k) safe harbor plan can offer tax benefits.
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