Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is discrimination testing in a 401(k) plan?

discrimination k Plan Testing
0
Posted

What is discrimination testing in a 401(k) plan?

0

The government requires that your plan be tested at least annually to ensure that your plan does not discriminate in favor of highly compensated employees (HCEs). If your plan does not pass these tests, you must either make additional contributions on behalf of non-HCEs, or your HCEs must withdraw some of their contributions.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123