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A 403(b) plan, also known as a tax-sheltered annuity plan, is a retirement plan for certain employees of public schools, employees of certain Code Section 501(c)(3) tax-exempt organizations and certain ministers. A 403(b) plan allows employees to contribute some of their salary to the plan.
Creating a census each employee's age and date of birth. each employee's social security number. each employee's gender.
Pre-entry Compensation is compensation for any employee who becomes eligible to participate in the plan during the current plan year. The compensation earned from the date of hire or beginning of the plan year, whichever is later, to his or her entry date is considered Pre-entry Compensation.
The census will often provide details on an employee's name, date of birth, social security number, date of hire and termination, gross compensation, hours worked, employee deferrals, matches, highly compensated employees (HCEs) and non-highly compensated employees (NHCEs).
The census is a 401(k) administration document chock full of detailed employee information. Your provider uses the information for annual non-discrimination testing. These tests measure how broadly your 401(k)'s benefits are spread among company employees.
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People also ask

Insurers use an \u201cemployee census\u201d to obtain specific information to estimate the health care costs your group is likely to incur. California law limits the types of information that the insurer can request and the ways that information can be used in determining your premium.
A 401(k) is an employer-sponsored retirement savings plan that offers significant tax benefits while helping you plan for the future. With a 401(k), an employee sets a percentage of their income to be automatically taken out of each paycheck and invested in their account.
The Summary Plan Description (SPD) is one of the important 401(k) plan documents that provides plan participants (and their beneficiaries) with the most important details of their benefit plan, like eligibility requirements or participation dates, benefit calculations, plan management instructions, and general member ...
An employee census contains information about participants in your business's 401(k) plan. It consists mainly of participants' personal and contact information, as well as employment and contribution records.
An employee census file contains important data that is necessary to create employee accounts - such as their name, date of birth, and insurance plan selection.

employee census for 401k