Blue Ridge ESOP Associates Industry News

Ray Mazurowski, QKA

Recent Posts

What's the difference between IRC Sections 404 & 415 Compliance Testing?

Posted by Ray Mazurowski, QKA

Oct 28, 2022 1:36:36 PM

My administrator just informed me that we have exceeded 415 limits, but I know for a fact our contribution for the year is under the maximum 404 limit. What gives? Let’s look at the difference between Internal Revenue Code (IRC) 404 - Deduction of Employer Contributions and IRC – 415 Maximum Annual Additions.

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Topics: IRC, Compliance Testing, 415 Limits

Redeeming vs. Recycling Stock

Posted by Ray Mazurowski, QKA

Mar 31, 2022 4:48:45 PM

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Topics: Distributions, ESOP shares