How Does 401k Easy Online Help Us Keep Our 401k in Sync With IRS Regulations?
We have built multiple safeguards into the 401k Easy Online self-service 401k system to help you keep your 401k in line with ever-changing IRS regulations: We program relevant IRS regulations about contribution limits and compliance testing, among other things, into your 401k Easy Online system. For instance, you cannot enter a contribution for a participant that will push the participant’s year-to-date contribution total over the allowable maximum — and the system tells you how much, if anything, the participant CAN contribute without exceeding the maximum). 401k Easy Online runs the all-important ADP (average deferral percentage), ACP (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 the 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 d
