Payroll Upload
Where are the contribution files uploaded to?
The TAG Portal
What should be listed in every email subject line you send?
Company name
What types of auto-enroll plans offer a 90-day refund?
EACA and QACA
What data is needed to test a plan?
Census, Payroll Summary, and Questionnaire.
What is the spreadsheet total?
The sum of all contributions to the plan listed on the contribution file?
What is the ideal turn around time for all emails?
24 hours.
What is the maximum age requirement allowed for eligibility?
What is the $19,000 employee deferral limit called?
402(g) Limit
When can a cash conversion make their first upload?
As soon as Jeffrey says they can.
Who needs to sign off on all plan changes?
Whitney, Sponsor, Jason, and Phil.
How can an SH plan choose an employer allocation offering less than 4% maximum exposure?
Non-Elective Contribution of 3%
What is the compensation consideration for an HCE?
$125,000
When are we allowed to approve the use of PayStart to facilitate contribution uploads?
Upon FA request.
What duties does the AM have during the installation process.
Payroll Training
What is the maximum percent of compensation allowed to be taken into consideration for QACA plans?
10%
What is the overall defined contribution limit per participant called?
415 Limit
When can the following plan change be made:
Increase the safe harbor match from 100% of 5% to 200% of 5%?
Anytime, as long as the effective date of the match is backdated to the start of the plan year.
What profit share scheme offers the sponsor the most flexibility?
Cross-tested with each employee in its own group.
What employee contribution is not considered during ADP testing?
Catch-Up