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Tax Reform Makes Now a Good Time for a 401(k) Plan Compensation Definition Audit
Kilpatrick Townsend Link to more items from this source
June 6, 2018
"Improper treatment of various elements is a common operational error of 401(k) plan administration, and a common focus of both [IRS] and [DOL] audit programs. If the plan documents and payroll system do not match, it can be a time-consuming and expensive error to correct. But in the wake of major tax reform legislation, a compensation self-audit can be vital to avoiding costly administrative errors and corrections."

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