Is ERISA Testing Required for a Solo 401(k) Plan?
Generally, because of how the Solo 401(k) plan is established, there are no ERISA nondiscrimination testing required for the plan.
Solo 401k & ERISA – The Law
What is ERISA? The Employee Retirement Income Security Act of 1974 (ERISA), enacted September 2, 1974, is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA contained sweeping changes in the […]
