Includes these pre-configured plan design features.
- 1. 60 Day
Eligibility – Employees are eligible the first day of the month 60 days
after hire date.
- 2. Auto
Enroll – 6% automatic enrollment with an annual 1% automatic increase.
Employees can opt out at any time.
- 3. Safe Harbor
Design – Highly compensated employees can maximize salary deferrals.
Requires company to fund match of 3.5% of compensation (100% up to the first 1% of
compensation, plus 50% on the next 5%).
- 4. Profit
Sharing – Fund a discretionary profit sharing contribution.