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DC Corner: ADP/ACP Testing & Plan Design Considerations

DC Corner: ADP/ACP Testing & Plan Design Considerations Actuaries can be well suited to provide consulting to both DB and DC plans. We focus on DC design and the important nondiscrimination ...
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Description: Actuaries can be well suited to provide consulting to both DB and DC plans. We focus on DC design and the important nondiscrimination test requirements that need to be at the core of a plan design project. Plan design for DC plans seems easy, but should not be looked at any less seriously than DB plan design. The key steps are the same as DB plan design. We review key concepts that plan design actuaries want to know.
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- Authors: Ruth Schau
- Date: Sep 2022
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Retirement Section News
- Topics: Pensions & Retirement; Pensions & Retirement>Defined contribution and 401k plans

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DC Corner: ADP/ACP Testing & Plan Design Considerations