Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|EPCU Summary Report: Reporting of 4979 Excise Tax by 401(k) Plans Using Form 5330|
Internal Revenue Service [IRS]
Sept. 1, 2015
"The goal of this project was to verify nondiscrimination compliance was met by requesting and reviewing information to:  Determine the plan provisions properly allowed and adopted a 401(k) as part of a CODA.  Determine compliance with IRC Section 401(k)(11) for SIMPLE 401(k) plans.  Determine compliance with IRC Section 401(k)(12) for Safe Harbor plans.  Verify corrective measures were taken to satisfy ADP or ACP tests and any applicable 1099-Rs were issued.  Verify reporting and the accuracy of calculations used to determine the amount of excise tax asserted under IRC Section 4979, requesting corrections when errors were identified."
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