2018 Preliminary Testing

After the end of each year, ARS, Inc. performs 401(k) Discrimination Testing for retirement plans. For plans with a December 31, 2018 year end, we are now offering the option to run a preliminary 401(k) Discrimination Test before year end. Some reasons to have preliminary testing prepared are.

- more opportunity for tax planning

- awareness of potential testing failures early so action can be taken before year end

- assistance with the safe harbor election before year end for plans that adopted safe harbor maybe.  The election must be made in time to distribute a participant notice at leadt 30 days before the end of the plan year.

 

More Reminders