Nondiscrimination testing is the practice of requiring employee contributions to the plan to be at a certain level. Without non-discrimination testing, high earners could contribute too much to their retirement account, shifting other employees’ 401(k) balances too low. Tests for this are multi-faceted, and compliance with them can be costly and time-consuming.
and stay up-to-date with everything going on in the Akrivia HCM
By subscribing, you agree to our terms and conditions.