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

As with the preceding phases of retirement plan testing, there are many ways in which errors can occur during the valuation phase. It is important to understand what takes place in the valuation phase and what your TPA should be doing to ensure a smooth process. Here, we have outlined the process and the steps that must be taken to ensure there are no issues. The valuation phase occurs after inputting all census data and reconciling any errors, the Consultant can begin testin