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If you chose to download the ZIP file and later discover an error, then you will have to unlock your batch and remove the specific plan you need to amend. Then, go to the plan and check the box for Part I, Item B. Make any updates necessary and go b...
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Once your forms have been prepared and you see an "OK" status in the "STATUS" column, it is now suitable to being printing and saving your forms. In order to generate a PDF of your forms, you must click on the form name in the "FINAL" column of the ...
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Users need to print these returns on '1-up' Preprinted paper. This is obtainable from Nelco Solutions , a vendor that ftwilliam.com works with. Users should feel free to use other vendors. Before printing copies of Form 1096 it is necessary to chec...
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Last Updated: 10/29/2024
in DC Compliance
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Last Updated: 10/29/2024
in DC Compliance
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There are three questions related to determining retirement age. Please note that these questions will be determined by the plan document. If “Age only” applies, the system will only look at a participant’s age to determine if normal retirement a...
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The “Combined Test” is a series of tests that includes the 415 Annual Additions Test, 410(b) Coverage Test, Deduction Limit test and the Compensation Test (as applicable to the plan). Set Combined Test Parameters Clicking on "Combined Test Param...
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The payroll feature gives users the ability to upload payrolls, compare hours and compensations from payroll totals to the census, push payroll hours and compensations to the census, and create contribution batches in transactions from the payrolls....
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The Required Minimum Distribution Screen is accessed from the “Compliance Menu” by hovering over “Miscellaneous” and clicking on “RMD”. Overview The Required Minimum Distribution (RMD) rules were created to ensure that the payment of benefits i...
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Add compensation history Compensation history is essential for the following reasons: Determining the correct IRC 415 final average compensation for highly compensated individuals for both CB and DB plans, and Determining final average compe...