by JoAnn Cassell | Mar 15, 2026 | 401k Compliance Error, 401k Plan Mistakes, Audit Insights
As a sponsor of a 401(k) plan, you’re not trying to break the rules—the opposite, you have the best intentions for your employees. You’re offering a benefit that protects their futures! But as I recently shared on The 401(k)ouple Podcast, most mistakes don’t come...
by JoAnn Cassell | Feb 15, 2025 | 401k Compliance Error, 401k Plan Mistakes, Audit Insights, Eligible compensation discrepancies
With 2024’s audit season a none-too-distant memory, it’s time to look back at the top 3 errors on 401(k) plan audits we saw our clients make last year… So you can prevent them from showing up during your next benefits plan audit! Since we specialize in 401(k) plan...
by JoAnn Cassell | Apr 15, 2023 | 401k Compliance, 401k Compliance Error, 401k Plan Mistakes, Audit Procedures, Eligible compensation discrepancies, Plan Sponsors
Imagine this: The sales team has the best quarter ever. Five of seven team members win record-breaking performance bonuses. To keep the momentum going, they are sent to a team-building retreat in Cancun. The company covers many expenses along the way but still comes...
by JoAnn Cassell | Aug 18, 2021 | 401k Compliance Error, 401k Plan Audit, 401k Plan Mistakes, Eligible compensation discrepancies
It happens… you’ve performed your audit and discovered some discrepancies. If you’ve ever found yourself in this position, you’re definitely not alone. In fact, eligible compensation errors are so common that they’re included in the IRS...
by JoAnn Cassell | Feb 15, 2021 | 401k Compliance Error
Errors with eligible compensation—or, the income that counts toward your 401k retirement plan—were the number one compliance issue we saw in the 2020 audit season. It’s counterintuitive, because the definition of “eligible compensation” is dictated by the employer...
