Top 10 Plan Compliance Errors

From a post on BenefitsPro by Heidi L. LaMarca of the Atlanta-based CPA firm of Windham Brannon, here is a list of the top 10 mistakes auditors catch: 

1. Late or erratic payment of employee deferrals
2. Oversights in calculating employee contributions
3. Misunderstanding the vesting period
4. Disregard for break-in service rules
5. A growing number of forfeiture accounts
6. Incorrect tax witholdings when employees take distributions
7. Mistakes with profit-sharing contributions
8. Mishandling employee requests
9. Disconnect with service-provider contracts
10. Overlooking the plan's eligibility requirement