401k Compliance Basics – Arcwood Mastery Class
This video provides essential guidance for employer leaders involved in overseeing, managing, and maintaining group retirement plans, such as 401(k)s. It covers critical, high-level topics to assist payroll, HR, and other plan administrators with common challenges, including:
- Contribution deadlines and handling late or missed contributions
- Correcting late or inaccurate contributions
- Understanding self-correction versus VFCP (Voluntary Fiduciary Correction Program)
- Plan notice delivery requirements
- Defining eligible compensation
- Updates to Form 5500 filing requirements