Passing the §401(a)(26) “meaningful benefit” test
Almost every employer-sponsored retirement plan (whether it’s a pension plan or a 401(k) plan) must satisfy certain nondiscrimination tests set forth in the internal revenue code. The IRS mandates these tests to ensure that if an employer is getting retirement plan tax deductions, then the plan should be designed so that benefits are not skewed […]Read More… from Passing the §401(a)(26) “meaningful benefit” test