403(b) plans are the retirement solution designed specifically for nonprofits, educational institutions, and religious organizations.

Company 401(k) plans are created to benefit all employees, regardless of where they fall in the organizational hierarchy. In order to prevent 401(k) plans from favoring company executives, owners, and employees who are on the higher end of the pay scale, the IRS has enforced annual nondiscrimination testing . In this blog, we will discuss what nondiscrimination tests are and how to stay compliant with the IRS rules and specifications. What is Non-Discrimination Testing? The

401(k) contributions result in tax advantages. As such, it is important that the 401(k) plan benefits all employees...