Corrective action is necessary when ACP and/or ADP 401k testing fails. Here are the steps to getting back into compliance.

It’s hard to imagine that the decisions you make now will have a long-lasting impact on the future of your life. Nevertheless, they do,...

Retirement plans can be challenging to administer and errors can be easily made. According to the IRS, these 401(k) contribution errors are quite common and could lead to penalties.

Someone with discretionary authority over an organization’s 401(k) plan administration, is considered a “Fiduciary.” A fiduciary has many administrative responsibilities and must perform them with diligence and prudence. They are responsible for acting in the best interest of plan participants and beneficiaries, and as such, they are held to very strict standards of conduct. Failure to understand these responsibilities can lead to administrative errors which can result in per