Avoiding NDT Reworks
9:52
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Learn how to avoid an NDT rework by submitting accurate data.
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9:52
Learn how to avoid an NDT rework by submitting accurate data.
Actual Deferral Percentage (or ADP) testing and Actual Contribution Percentage (or ACP) testing are two of the tests required annually for nondiscrimination testing.
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The Benefits Rights & Features testing is done to determine if each benefit, right, and feature of the plan is available to employees on a nondiscriminatory basis.
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A Qualified Non-Elective Contribution, or QNEC, is a corrective contribution made to certain participants on behalf of the plan sponsor due to an ADP or ACP nondiscrimination test failure.
6:35
Understand the difference in testing methods, Prior Year versus Current Year.
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Helping plan sponsors understand the testing impacts of after-tax contributions prior to adding the contribution option for participants to the plan.
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Because of the complexity of nondiscrimination testing and the administrative burden to a plan sponsor, some organizations are opting to set up new plans and/or amend their current plan document to include safe harbor provisions.
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For Plan Sponsor Use Only
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