Does Advisors 401(k) help with IRS-compliance testing?
Yes — and you can run year-to-date tests as often as you want to identify any trends toward non-compliance, so you can fix the problem before the final year-end tests. Advisors 401(k) runs the all-important ADP (average deferral percentage), ACP (actual contribution percentage), multiple-use 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, Advisors 401(k) can run year-to-date tests as often as you like (we recommend monthly) so you can spot non-compliance trends — long before mandatory year-end testing is done. Running practice compliance tests is as easy as a mouse click! Consider Advisors 401(k) as your in-house 401k compliance Early Warning Radar!
