Compliance 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
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
100% of first 3% of deferral percentage. 50% of next 2% for a max of 4% if defer 5% or more. In other words, any deferral percentage of 3% and less is a...
Tue, 18 Aug, 2020 at 4:39 PM
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
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
