401k Plan Design – This Checklist Can Make the Process Simple
There is no such thing as a “one size fits all” 401k plan. Why? Employer goals for a 401k plan can vary greatly. Some employers want to maximize owner contributions at the lowest overall cost while others want to incentivize employees to save a portion of their paycheck for retirement. The process of matching 401k specifications to employer goals is called plan design. Source: Employeefiduciary.com
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