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Compliance Testing
The Ryding Company can help correct problems and bring a retirement plan back into compliance.
What is Compliance Resolution?
A failure to satisfy plan terms and applicable pension law may result in disqualification of the plan, which can result in penalties, the loss of tax-exempt status for the trust, loss of tax deductions for the employer, and unexpected taxable income to plan participants. Identifying and correcting compliance issues can be complicated and burdensome. If the plan is not in compliance, there are several programs available that the Ryding Company assists with to correct problems and bring the plan back into compliance.
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We navigate you through the complicated resolution process
If you have a plan document that has not been amended to reflect the current requirements of the Internal Revenue Service and Employee Benefits Security Administration (EBSA), partner with The Ryding company to guide you through the complicated and ever-changing resolution processes.
We complete and file forms & help resolve common errors
If there are years in which your plan failed to file a Form 5500 (Annual Return/Report of Employee Benefit Plan), we can complete the forms necessary for those years and file your Form 5500 using the appropriate correction program. We can also help you with common plan errors, such as participant loan failures, late or missed deposits of plan contributions, and other plan-prohibited transactions or operational errors.
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