Ask an Actuary - 401(k) Non-Discrimination Testing

Описание: "What happens if your 401(k) plan doesn’t pass nondiscrimination testing?" 📊

In this episode of Ask an Actuary, Stephanie Irvin sits down with Luke Matchett, an actuarial consultant at Odyssey Advisors, to walk through the crucial role of nondiscrimination testing in the 401(k) world. Learn why this testing is so important, what makes someone an HCE (Highly Compensated Employee), and the specific tests your plan needs to pass every year to stay compliant.

Learn about:

The purpose of nondiscrimination testing and why it's essential for your 401(k).
What defines a Highly Compensated Employee (HCE) and how it affects your plan.
A breakdown of the key nondiscrimination tests that 401(k) plans must pass annually.
What happens if your plan doesn’t pass testing.


If you have any topics or questions you'd like us to cover in future episodes, please drop us a comment below or reach out!

Please note: "Ask an Actuary" is a series of interviews with our team of actuaries and actuarial consultants.