Highly Compensated Employees | The 411 on Employee Benefit Plans

Entries Tagged ‘highly compensated employees’:

IRS Compliance Testing: ADP/ACP Test

filed in Employee Benefit Plans on Jun.08, 2010

In order to ensure that employee benefit plans do not violate certain standards that the DOL/IRS believe are important, plans must be subjected to numerous compliance tests annually. These tests are designed to ensure that the amount that employees are deferring is within certain maximum limits and that plans are not operating is a manner [...]

Tags: 415 limits testing, ACP test, Actual Contribution Percentage, Actual Deferral Percentage, ADP test, compliance tests, defined benefit plans, DOL, Employee Benefit Plans Casa Grande, Employee Benefit Plans Scottsdale, Employee Benefit Plans Tempe, HCE, highly compensated employees, IRS, IRS compliance teting, multiple use test, non-compliance tests, Non-HCEs, non-highly compensated employees, salary, salary deferred divided by compensation, Top-Heavy Test

Why did I Receive a Refund of my 401k Contribution?

filed in 401(k) Plans on May.11, 2010

If you contributed to your 401k plan during a year and then received a refund for a portion of your contributions for that year, then chances are your Plan failed the annual IRS required compliance (discrimination) testing.
To be brief, the IRS required compliance testing is a test or series of tests (The types of tests [...]

Tags: 401(k), 401k Contribution, 401k plan, accounting, ACP tests, ADP tests, compliance test, deferral ratios, discrimination testing, Employee Benefit Plans Casa Grande, Employee Benefit Plans Scottsdale, Employee Benefit Plans Tempe, HCEs, highly compensated employees, IRS, IRS required compliance testing, NHCEs, non-elective contribution, non-highly compensated employees, Plan Auditor, QNEC, Qualified non-elective contribution, refund, refund excess contributions, tax breaks, tax deferral opportunity, taxable income

The 411 on Employee Benefit Plans

Valuable Information on 401k's, Pensions, ESOP's, Form 5500 Preparation & much more!

Entries Tagged ‘highly compensated employees’:

IRS Compliance Testing: ADP/ACP Test

Why did I Receive a Refund of my 401k Contribution?

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