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Corrective Distributions from 401(k) Plans Are Common

Saturday, May 30 2015

Retirement

Written by PFA News

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A recent study by Judy Diamond Associates has found that more than 54,000 401(k) plans had to make corrective distributions totaling $820 million in 2013. So reports ThinkAdvisor.

The distributions to plan participants are required when discrimination testing shows that highly compensated employees have contributed higher rates of their salaries to retirement plans than lower-income workers.

Read the full article from Think Advisor.

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