Your guide to data collection

Building confidence with data collection

Your organization’s qualified defined contribution (DC) retirement plan is a great employee benefit. To keep its qualified status, the IRS wants you to annually complete nondiscrimination compliance testing to prove that the plan benefits all your employees fairly. But don’t worry, we help you do that.

We’ll ask you to submit your data for year-end testing right after your plan anniversary date. But to prepare for a successful compliance season, there are steps you can take today.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.

Insurance products and plan administrative services provided through Principal Life Insurance Co., a member of the Principal Financial Group®, Des Moines, IA 50392.