Employer contributions are made by the Employer for the benefit of designated employees. Among other things, the Adoption Agreement will identify the types of…
Elective deferrals are made at the election of the Participant pursuant to a salary reduction. There are several key points the Plan Sponsor should be…
The term compensation is important in the design and operation of a retirement plan. Compensation determines how much the employee and employer can contribute to…
Your retirement plan’s Adoption Agreement specifies the requirements an employee must meet in order to be considered eligible to participate in the plan. Generally, eligibility…
Your retirement plan’s Adoption Agreement contains key employer identifiers. These include: Legal business name Address Federal Tax Identification Number Month and day that the tax…