401k Corrective Distributions Explainer

Are you a business owner who is tired of getting your 401(k) contributions refunded at the end of the year? That check isn’t a bonus. [serious] It’s a warning sign. It’s called a Corrective Distribution, and it happens when your plan fails IRS compliance testing. Basically, you and your managers contributed too much relative to your staff. The result? Your retirement savings become taxable income. [beat] And if those refunds aren't processed in time, your business could face a ten percent excise tax. [warm, confident] But you can stop the cycle. With the **401(k) Fix It Audit** from Franchise Benefits, we identify exactly why your plan is failing—whether it’s participation issues or outdated design. We help you restructure the plan so you can contribute the legal maximum *without* fear of refunds. Maximize your savings. [emphasize] Keep your money where it belongs. Call Franchise Benefits aka Heits Benefits Group at 551-220-4460 for your complimentary strategy session today.

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