Maintaining a retirement plan for your employees is no easy task. At various points during the year, employers and HR departments field participant questions, help with enrollments, deliver notices and statements, and participate in the distribution process. However, an additional responsibility, and one of the most important, is the collection of data that is used for compliance testing and government reporting. Though all these duties are important, one task drastically affects the outcome of your compliance testing; accurate reporting of all employee information to your third-party administrator. Sound onerous? Not really.
Evan Rapp2018-05-03T08:42:39-05:00May 3rd, 2018|Categories: Newsletters/Bulletins|Tags: 401(k), ERISA, Third Party Administrator, 401k Retirement Plans, 401k TPA, 401k Compliance, Retirement Plans, W-2 employees, sole proprietors, independent contractors, leased employees, ASG, affiliated service group, shared employees|Comments Off on Who is an Employee?