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Summertime Blues for Your 401(k) Plan, Part 1: Mismatching Definitions of Compensation
E is for ERISA 
July 13, 2021 "Disconnects between payroll procedures, and the way that your 401(k) plan defines 'compensation' for purposes of salary deferrals and employer contributions, generate a significant number of plan operational failures ... These errors can be corrected fairly simply but the corrections can be expensive and/or time consuming if the errors cover multiple years." MORE >> |
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