Key Features
- Contribution Limits: Employees can contribute a portion of their salary to a 401(k) plan, subject to annual contribution limits set by the IRS.
Plan Design
The term “plan design” encompasses the framework and characteristics of a retirement or employee benefit plan. This includes the regulations and details governing the operation of the plan, such as:
- Eligibility criteria
- Contribution limits
- Vesting schedules
- Distribution options
- Range of benefits provided
Our team will assist you to ensure that the plan aligns with the objectives of both the employer and employees, adheres to regulatory standards, and optimizes tax advantages and retirement savings opportunities.