An NAICS (North American Industry Classification System) code is a six-digit number that categorizes businesses based on their primary economic activity. It is used for government reporting, compliance testing, and industry analysis.
Employers must provide their NAICS code on the compliance questionnaire for their 401(k) plan. This code is used to:
- Classify the business for compliance testing and regulatory reporting.
- Create accurate industry benchmarking for economic analysis.
- Support government data collection for business statistics.
If you’re unsure of your NAICS code, use the NAICS Lookup Tool and enter keywords related to your business’s primary activity.
- Select the code that best describes your business’s main function.
- Enter the correct six-digit NAICS code in the compliance questionnaire to avoid errors in plan testing and reporting.
Providing an accurate NAICS code helps ensure 401(k) plan compliance and supports accurate regulatory classification.
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