Retirement Planners and Administrators (RPA)
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July Business Services
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Regional Sales Director (West) July Business Services
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Defined Contribution Account Manager Nova 401(k) Associates
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Greenline Wealth Management
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July Business Services
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Great Lakes Pension Associates, Inc.
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Retirement Solutions Specialists
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Pollard & Associates
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Fringe Benefit Group
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New York City District Council of Carpenters Benefit Funds
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ADP/ACP Failure Corrections
Belfint Lyons & Shuman, CPAs Dec. 27, 2016 "EPCRS requires ADP/ACP test failures corrections beyond the 12-month period to include not just a refund, but also to make an additional one-to-one QNEC in the same amount of the refunds.... To correct an ADP failure, the plan sponsor can elect to use the 'bottom-up leveling method.' Because the ADP test gives an equal weight to each person included in the test, a small QNEC contribution to a person who earned minimal wages due to short-term employment or termination early in the year has a much greater impact on the test results than the same contribution to a full year employee.... QNECs can become very expensive, and plans that continue to fail discrimination tests may need to look for an alternative plan design." |
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