Annual tests are required by the IRS to ensure employees are not being unfairly excluded or from the 401(k) plan. Traditional providers test the plan annually as required, and if the plan fails, adjustments need to be made. These adjustments can sometimes be costly and cause hassles.
Thanks to our automation, 401GO provides ongoing compliance testing. This notifies you in advance if problems exist, so you have time to rectify them while they are small. We also perform the required annual test, and notify you when it’s complete, so you don’t have to wonder.