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| Employee Contributions |
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Employees
may be allowed, or required, to make contributions to the retirement program.
Typically, these contributions are on a pre-tax or a tax-deductible basis.
In addition, earnings often accumulate on a tax-deferred basis. Contributions
and earnings under the Payroll Deduct Program (PDP) may or may not have
these tax advantages depending on individual employee circumstances and
the program selected. |
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| You
Match Employee Contributions |
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As
the employer sponsoring the program, you may want to match all or a portion
of the contributions your employees make. Many employers find that this
helps encourage employees to contribute to the program. |
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| You
Make Other Contributions |
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In
addition to, or in lieu of, matching contributions, you may want to make
other contributions to the plan. These are most often made as a percentage
of pay for all employees. |
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| Maximum
Employee Contributions |
| |
Employees
are limited, by law, on the amount they may contribute to each type of program.
|
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| 100
% Vesting of Your Contributions |
| |
Employees
are always 100% vested in their own contributions. This means that if they
end their employment with you, they are entitled to 100% of the money (and
earnings) they contributed. Matching contributions and other contributions
made by you may be 100% vested. Or, they may be subject to a vesting scale
based on employees' number of years of service (eg. after 2 years they keep
20%; after 3 years they keep 40%; etc). |
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| Loans
Available |
| |
Some
plans allow employees to "borrow" their money from the program.
They are required to pay back the money with interest within a 5 year period. |
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| Number of Investment Options |
| |
We
have a wide variety of investment options to choose from. You select which
ones to make available to employees. |
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| Administrative Services |
| |
These
items are included:
- Access
to call support
- Plan operation
guidebook and forms
- Plan design
assistance
- Plan document
and summary plan description preparation
|
| Recordkeeping Services |
| |
These items
are included:
- Daily
valuation of accounts
- Full-service
benefit distributions (including 1099R)
- Electronic
data reporting
|
| Compliance
Services |
| |
These items
are included:
- Top-heavy
contribution calculations
- 415 limit
calculation
- ADP/ACP
tests
- Form 5500
serices annual reports and schedules
|
| Local
Representative Services |
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The
availability to visit with a representative from your area. |
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| Employee Services |
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These items
are included:
- Access
to personal account information via Internet or telephone
- Educational
material about retirement planning and financial decisions
- Benefit
event assistance (such as employee termination)
- Enrollment
assistance
|
