Manufacturing company gains compliance with ERISA requirements

Client Description

A mid-sized manufacturing company

Problem

The company made some incorrect 401(k) employee contributions, resulting in noncompliance with ERISA.

Solution

BerryDunn's experts:

• Corrected the problem under the IRS’ voluntary compliance program
• Helped to reduce potential penalties

Outcome

The client gained compliance with ERISA requirements and learned how to better ensure continued plan qualification.