EBP2419. Basic Testing in Qualified Plans; Qualified Plan Coverage and Nondiscrimination Testing

Qualified plans may not discriminate in favor of Highly Compensated Employees. There are a number of annual nondiscrimination tests that are required to ensure qualified plans do not discriminate in favor of Highly Compensated Employees. This session will provide an overview of the key compliance tests for qualified plans, discuss consequences of failed testing, cover corrective action for common testing failures, and explore strategies to mitigate testing failures. We will also address compliance testing requirements for plan auditors.

Learning Objectives:

• Recognize testing requirements for qualified plans.
• Identify corrective options for failed tests