Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Guide for Improving 401(k) Nondiscrimination Testing Results
ForUsAll Aug. 23, 2018 "Traditionally, [nondiscrimination tests] are done on the last day of the plan year (or the beginning of the next) to get all the data. [The authors] also recommend at least a mid-year, and surprise assessment at a random point during the year.... You may be able to take preventative action that can help you pass the test and avoid a potentially costly correction.... [If your plan fails:] ... Step #1: Check again -- using a different test method ... Step #2: Take corrective action immediately ... Step #3: Fix your plan -- Encourage participation and contribution." |
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