Plan Compliance

When it comes to plan compliance there are a few things that a plan sponsor must stay on top of:  

  • Making sure the plan’s contributions are deposited timely and are not in excess of the IRS’ limits
  • Passing all required coverage and non-discrimination tests
  • Ensuring that the plan’s ERISA bond is enough to cover the plan’s assets
  • Taking Required Minimum Distributions (RMD) 
  • Generating a 1099-R on behalf of all plan distributions (and withholding and paying taxes when required)

Below please find links for reference to these IRS requirements.  We will provide more information  ASAP.  

Some Helpful Links: