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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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401(k) Nondiscrimination Testing Study – What % of Plans Fail?
Our 401(k) nondiscrimination testing study shows the percentage of small business plans that fail the ADP/ACP, top-heavy, 402(g), and 415 tests.
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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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Safe Harbor or Traditional 401(k) Plan – How to Decide
Safe harbor 401(k) plans are the most popular type of 401(k) used by small businesses today, but they are not the best fit for every small business.
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401(k) Contribution Deadlines – You Don’t Want to Miss Them!
When 401(k) contributions - employee or employer - are deposited late, there are consequences for employers. With some education, they are easily avoided.
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401(k) Matching Contributions – What Employers Need to Know
401k matching contributions can be highly effective in motivating workers to save for retirement. Small businesses should understand their match options.
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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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