Art of the Qualified Plan Audit

Discrimination. It’s a concept that most people don’t associate with retirement plan savings.

The use of the wrong definition of compensation is the most common error found in employee benefit plan audits, and it can be a very costly mistake to correct in accordance with the provisions of the IRS’ Employee Plan Compliance Resolution System (EPCRS).

We often ask the question, “How does our 401(k) plan stack up?”