PENTalk™ - Annual Pension Nondiscrimination Testing - It's Complicated! Pentegra Makes it Simple!

PENTalk™ – Annual Pension Nondiscrimination Testing — It’s Complicated! Pentegra Makes it Simple!

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By Chuck Coldwell

Testing – it’s complicated! Every year nondiscrimination testing must be performed on your Defined Benefit Plan. What’s involved with nondiscrimination testing? We’ll provide insight on timing to satisfying the IRS Code, and include a discussion of contributing factors that can cause the plan to fail testing – accompanied by the types of corrective actions that are needed in case of plan failure. Also included will be some working examples that will help with the big picture.

Author

Chuck Coldwell

Chuck Coldwell is Vice President – National Director, Consulting and BOLI Services at Pentegra. He oversees Pentegra’s retirement services consulting, marketing and communications business development practice areas. In these roles, he works closely with Pentegra’s teams to develop strategic initiatives designed to enrich the client and participant experience and meet the ongoing needs of clients. He also leads Pentegra’s BOLI business development efforts, working with clients to design customized strategies for benefit financing using BOLI. A Qualified Pension Administrator (QPA), he holds a B.A. in Economics and Psychology.

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