401K

When designing a plan it is important to take into consideration that having a plan will mean that the business more likely than not will need to make employer contributions to the plan on behalf of all eligible employees. The design of the plan is how it is tailored the way the business owner wants it to be. Eligibility requirements are put in place to make an employee earn their way to becoming a participant. A vesting schedule is implemented so that once an employee becomes eligible they will have to earn their employer contributed plan balance over a period of time. We design the plan within the IRS' parameters based on the plan sponsor's desire.

Primary location: Ipswich United States