Blue Ridge ESOP Associates Industry News

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.

Read More

Topics: IRC, Compliance Testing, 415 Limits

Experience the Leader in Personalized ESOP & 401(k) Administration

Blue Ridge ESOP Associates can provide everything you need to administer your ESOP, 401(k) or combination ESOP/401(k) plan. Our full service outsourcing, which can include participant on-line services, provides worry-free  assistance for your HR or Benefits staff, leaving them free to concentrate on other responsibilities.

Subscribe to Email Updates

Recent Posts