St. Patrick’s Day is Great, But Not if Your Clients Have a Failed ADP Test!

| March 17, 2018
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March 15 was a big day for your clients that sponsor 401(k) plans. It is the deadline for them to complete their Actual Deferral Percentage test. Unfortunately, the results of this test can upset retirement planning for highly compensated employees. Failing the test leads to them getting money back instead of being able to leave it invested for the future.

Do you have clients that failed their discrimination testing and were required to reverse contributions and pay taxes? This can be frustrating. Is it time to take a look at their plan design and see if we can make it better?  Farmer & Betts is here to help. Call us now to review your 401(k) plans!

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