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Explaining 401(k) Nondiscrimination Test Refunds to HCEs
Belfint Lyons & Shuman, CPAs Link to more items from this source
Mar. 16, 2014
"In many cases, the HCEs receiving the refunds are not in a position to influence the corrective method selected by the employers. In cases when refunds of excess contributions are processed, plan officials have to be prepared to explain why contributing as much as possible is encouraged by the media, but the maximum limits can be lower than expected if the plan does not pass the non-discrimination tests."

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