• Send payroll and employee census data to the plan’s recordkeeper for plan-year-end compliance testing (calendar-year plans).
• Audit fourth quarter payroll and plan deposit dates to ensure compliance with the S. Department of Labor’s rules regarding timely deposit of participant contributions and loan repayments.
• Verify that employees who became eligible for the plan between October 1 and December 31 received and returned an enrollment Follow up for forms that were not returned.Consult your plan’s financial, legal, or tax advisor regarding these and other items that may apply to your plan.

 

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