401 (k) Plan Sponsors – It Doesn’t Pay To Ignore Your Plan’s Definition Of Compensation – Employee Benefits & Compensation
One of the most common errors in 401 (k) plan administration continues to be a mismatch between a plan’s definition of compensation and the actual compensation taken into account for plan purposes despite this problem being common enough for the IRS to include it in its “401 (k) Plan Fix-It Guide “. In this All…