Includes automatic plan enrollment, discretionary employer contributions, and keeps fees and costs to a minimum.
- 60 Day Eligibility – Employees are eligible for the first day of month 60 days post-hire.
- 5% Auto Enrollment – Employees are automatically enrolled after 60 days with a 5% salary deferral. They can elect a different amount or opt out at any time. Download Fact Sheet
- Discretionary Match – The plan includes a discretionary matching contribution feature that is funded each payroll.
- Discretionary Profit Sharing – The plan includes a discretionary contribution option with an FICA-Integrated Allocation Forumla. This formula allocates a slightly larger percentage of contributions to highly-paid employees.
- Vesting Schedule – The Discretionary Match and Profit Sharing is subject to 6-Year Vesting (0%, 20%, 40%, 60%, 80%, 100%).