The Frugal Fiduciary Small Business 401(k) Blog
Get the latest industry news, deadlines and tips you need to know to help tackle your fiduciary responsibility needs.
The 402(g) Limit For 401(k) Plans – FAQs for Employers
By: Eric Droblyen
October 10th 2023
The 402(g) limit may be the most straightforward 401(k) contribution limit, but it can get complicated fast when an individual contributes to multiple plans in a year.
Read More
SECURE 2.0 Non-Discrimination Testing Changes: Good News for Small Businesses
By: Brian Furgala
August 1st 2023
The 401(k) non-discrimination testing changes made by SECURE 2.0 can help a small business increase employee savings and reduce plan costs.
Read More
The 415(c) Limit For 401(k) Plans – FAQs for Employers
By: Eric Droblyen
September 13th 2022
The 415(c) limit caps the “annual additions” a 401(k) plan can allocate to participants each “limitation year.” To avoid violations, check out our FAQ.
Read More
The ADP and ACP Tests - What You Need to Know
By: Eric Droblyen
July 1st 2021
Learn about the ADP & ACP tests – the two of the three main 401(k) nondiscrimination tests.
Read More
The Top Heavy Test - What You Need to Know
By: Eric Droblyen
July 1st 2021
Learn everything you need to know about the Top Heavy Test – an important 401(k) nondiscrimination test.
Read More
401(k) Nondiscrimination Testing - Basics and Deadlines
By: Eric Droblyen
January 19th 2021
401(k) plans must pass nondiscrimination tests each year to confirm HCEs do not disproportionately benefit and that no IRS contribution limits are exceeded.
Read More
401(k) Testing – Deadlines Employers Should Know
By: Eric Droblyen
January 22nd 2020
While a professional TPA usually completes 401k testing, employers must understand the deadlines that apply to test corrections and contribution deposits.
Read More
How to Attribute Family Ownership When 401(k) Plan Testing
By: Eric Droblyen
November 27th 2019
Under the 401(k) family attribution rules, individuals are attributed the ownership of family members. These rules can greatly affect plan test results.
Read More
401(k) Plan Coverage Testing – What Employers Need to Know
By: Eric Droblyen
April 18th 2018
The IRC section 410(b) coverage test ensures a 401(k) plan sufficiently covers Non-Highly Compensated Employees. Employers should understand its basics.
Read More
When ADP/ACP Testing Fails, 401(k) Fiduciaries Should Understand Their Options
By: Eric Droblyen
March 23rd 2016
March 15 was the deadline for most 401k plans to distribute 2015 ADP/ACP test corrections in order to avoid a 10% IRS excise tax. Small business 401k fiduciaries do not need to settle for annual ADP/ACP test failures. There are many ways ADP/ACP test returns can be avoided or reduced. Once a fiduciary understands these options, they can discuss them with their 401k provider.
Read More