Does 401k Easy Online help with IRS 401k compliance testing?
Yes — with just a click of the mouse you can run year-to-date tests as often as you want to identify any trends toward noncompliance, so you can fix the problem before the final year-end tests. — 401k Easy Online runs the all-important ADP (average deferral percentage), CAP (actual contribution percentage), and top-heavy compliance tests that every 401k plan must pass at year’s end. Although your plan only has to pass these tests at the end of every plan year, 401k Easy Online can run year-to-date tests as often as you like (we recommend monthly) so you can spot noncompliance trends — long before mandatory year-end testing is done. Running practice compliance tests is as easy as a mouse click! Consider 401k Easy Online as your in-house 401k Compliance Early Warning Radar!
