Components of Defined Contribution Plan Compliance Testing

Winter 2024 – Benefit Insights Newsletter Components of Defined Contribution Plan Compliance Testing Does My Plan Need an Audit? 401(k) deferrals: Don’t exceed the limit! Reminder: Long-Term Part-Time Employee Rules Effective January 1 2024 Upcoming Compliance Deadlines for Calendar-Year Plans   Components of Defined Contribution Plan Compliance Testing Plans must be tested each year to…

Form 5500 Insights

Form 5500 Insights Every year, most employers file a Form 5500 for each qualified plan that they sponsor. The purpose of the Form 5500 is to provide required information to the Department of Labor (DOL), but it can also provide valuable insight to the plan sponsor. The Form 5500 has several “types” and the type…