Compliance Testing

Mid-year (Projected) 401(k) Testing
As a third party administrator, we have clients that request mid-year testing in order to project results for year-end testing. If you are only considering ...
Fri, 7 Aug, 2020 at 4:45 PM
What is a QNEC?
A QNEC (Qualified Non-Elective Contribution) is an employer deductible retirement expense (100% vested immediately) often used as an option to satisfy testi...
Tue, 18 Aug, 2020 at 4:12 PM
What is the definition of a safe harbor match (SHM)?
The basic safe harbor match formula is 100% on the first 3% of deferred compensation and 50% on the next 2% for a max of 4% if you defer 5% or more. Sam...
Fri, 18 Dec, 2020 at 8:48 AM
How are Discrimination Test (ADP/ACP) refunds calculated?
  When a plan corrects a failing ADP or ACP test via refunds, a two-step process sometimes called the “leveling method” is used. The method presented belo...
Tue, 18 Aug, 2020 at 5:58 PM
Who is Considered an "Owner"?
Family Attribution: Section 318: Constructive Ownership of Stock(a)  General rule: (1) Members of family (A) An individual shall be considered as ownin...
Tue, 18 Aug, 2020 at 7:23 PM