Auditing and Tax Reporting

Auditing and Tax Reporting

The Fund conducts internal audits of its own operations and also reviews participating Ys to confirm that they are fulfilling the terms of their agreements with the Fund. Any participating Y may be chosen for review. If your Y is selected, you will be given notice and instructions.

Non-Discrimination Coverage Testing

Each year, all participating Ys must comply with the coverage and non-discrimination testing required under the Internal Revenue Code. In order to meet this requirement, the Fund requires that your Y complete Non-Discrimination Coverage Testing (previously called Schedule T). Around mid-July, the Fund will send you instruction on how to complete the form in YERDI.

IRS Form W-2

Please reach out to your payroll provider for W-2 reporting questions. For IRS Form W-2 Instructions, click here.