ADP/ACP Refunds for Highly Compensated Employees (HCEs)
You were determined to be considered a highly compensated employee (HCE) for the 2020 plan year; either because of the compensation you earned the previous year or because of ownership in the plan. In order to ensure a 401(k) plan is not favoring owners or highly paid employees, the IRS requires certain nondiscrimination testing is performed. ................
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