Submitted on behalf of Printers 401K

Receiving money back from a 401(k) plan may seem like a win, but it often signals that the plan failed IRS nondiscrimination testing. When this happens, certain employees may be required to take corrective distributions, which can lead to unexpected tax consequences and reduced long-term retirement savings. The article also explains how better plan design can help prevent this issue.

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Joe Trybula, CFP^®, CPFA^®

Accredited Investment Fiduciary ^TM

Diversified Financial Advisors, LLC

V: 314-786-9000

F: 314-786-9001