At MVP Plan Administrators, we strive to deliver relevant and actionable information to our clients in a timely manner. We recognize that everyone has a busy schedule, and our goal is to be as helpful as possible without wasting your time.

With that in mind, we’ve created a series of informational emails and videos highlighting the most common errors in retirement plan administration which can be costly to Employers.  In each issue, we will focus on a common error typically encountered in plan administration by providing Employers with tips and best practices for avoiding these frequent and costly errors.  In this first installment we highlight one of the biggest errors we see in both 401(k) and 403(b) plans - failing to withhold salary deferral elections on bonus compensation.  We also share key tips to help ensure compliance and success when managing bonus compensation in the retirement plan.

Keep reading or watch the enclosed video to find out more!  Click on the links below to access the written article and/or video.

Bonus Election pdf

Common Errors- Issue #1 Video

Bonus Election Form