INTERIM/ON-LINE TESTING FOR DEFINED CONTRIBUTION PLANS!

401k plans:

Check your HCE limits any time you want. Securely upload your payroll data, then perform the ADP/ACP tests in seconds*. Purchase a one year license and run the test as many times as you want.
Don't wait till next year to find out your officers are over-withholding. Test your plan now while you have time to do something about it.

403b Plans:

The ACP test is required for many 403b plans effective 1/1/2008.

Don't wait till the end of the year to find out your plan is out of compliance.

Sign up with 401ktest.com for a low annual fee!
Use our online service to test your plan as often as you want throughout the year.
Our software makes testing very easy and very fast!


SUMMER SPECIAL!
We're offering a discount on the regular subscription price till August 31st!




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Failing the ACP/ACP test is Expensive!

  • Up to $1,000 to re-test the plan; especially if you have to use grouping or cross-testing to pass.
  • $100 to $500 for each affected HCEs to amend their tax returns and pay taxes on any refunds received, or
  • 3% of annual wages to provide a Non-Elective Contribution.
  • Plus company time and expense to deal with the problem.
    Interim testing can help make sure your HCEs are not withholding too much!

    Test your plan as often as you want. We’ve made it easy, fast, and affordable!
  • Securely upload your payroll data to 401ktest.com.
  • Go to "Edit Company" and answer 2 questions about time limits & age limits for plan participation.
  • Click “Current Year Test” and get your results almost instantly! If you use the Prior Year Method, you must also upload prior-year payroll information.

    Employers:

    401ktest can help you quickly run the ADP/ACP test yourself*. You can also securely transmit data to your Pension Administrator. Just upload your payroll data, and give them your UserId.

    Administrators:

    Don't waste time re-configuring spreadsheets and formulas to accommodate each client. This site will do the work for you.
    In the event of a test failure, you can download the details into Excel to calculate a QNEC or a refund; or perform additional testing. The Permissive Disaggregated test can be performed easily by either changing the plan's eligability options, or using the "drag and drop" feature during the testing process.

    Payroll Processing Firms:

    Use 401ktest.com to provide a very valuable service to your clients. Some firms offer this test 4 times a year; others only offer it once a year. With our help, you could offer the ADP/ACP test to your clients every time they run payroll; especially during the 4th quarter when test results are one bonus away from changing radically!

      Some clients perform the tests on their draft payroll run, then make adjustments if necessary.




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    *Test results (like those of any testing service) should be reviewed by a professional. Initial test results need not be the final conclusion. There are many creative ways to configure your payroll data, depending on provisions outlined in your plan document. Testing options can also depend on the following:
  • How good is your Plan Administrator?
  • How much should the company spend to find an optimum test result?
    We are providing this service to help bring down the high cost of discrimination testing. However; it is difficult to over-emphasis the value of a competent Pension Administrator.
    Companies may choose to run interim tests in-house, then have a professional perform the year-end tests.

    401ktest.com can help lower HCE refunds from $1,000s to $100s, mitigating the inconvenience at tax time.