Year End Census Request Feb 10
We’ve just started our request of year end census information from each of our clients. We do this each year to enable us to run necessary non-discrimination testing. If the plan doesn’t pass these tests we need to take corrective action quickly. In testing we need the correct census information. Compensation is defined specifically in your plan document.
Your definition of compensation can be found in your Adoption Agreement. The numbers should be gross compensation and not net. If you have any questions at all you can call your plan administrator and they will be able to help you.
Don’t have a plan with us? We can fix that! Give us a call if you are a business or a 401(k) advisor and we’ll be glad to help.