401k Plan Sponsor

You have worked hard to create a positive benefit for your employees.

You’ve followed all the rules – dotted all of the “i’s” and crossed all of the “t’s” in what seems to be a never ending stream of changing regulations.

But sometimes, even with the best intentions, things can go wrong. A mistake, however innocent, can happen – and it could disqualify your plan…

Failure to amend written documentation when tax laws change.

Failure to maintain materials such as the original plan document, IRS opinions, amendments, and others.

Failure to document actions taken by the board of directors.

Failure to follow laws relating to eligibility and repayment periods for plan loans.

and the list goes on…

Now what?

Capital Strategies is pleased to provide you with the 401(k) Fix-It guide absolutely free.

In a questioning format, the guide prompts you, the plan sponsor, to ask yourself several questions in an attempt to determine whether your plan is compliant:

Has your plan document been updated within the past few years?

Do the plan’s operations follow the terms stipulated in the plan document?

Has the plan satisfied nondiscrimination tests?

Were all eligible employees given the opportunity to make elective deferrals?

and more…

A mistake does not automatically mean that a severe penalty will be levied. Depending on the situation, many errors can be corrected easily and without notifying the IRS. For more serious infractions, you can contact your tax advisor or the IRS directly. With the help of the IRS 401(k) Plan Checklist, you will know where you stand.

To get your free copy of this informative guide – just fill-in the form to the right and we will send your copy right away.