Hello All -
Longtime lurker, first time poster. I really appreciate all of the insight from this forum. My question:
Canadian based company has a few US Employees, they are Sales People located throughout the US. They want to provide similar benefits to their US Employees like they do to their Canadian Employees. They are inquiring about a startup 401k Plan. Assuming they have an EIN would it be feasible to create a start-up 401k Plan for these employees? I don't see a reason why they can't but I have zero experience with a Foreign Company setting up a new 401k Plan so I want to make sure I am not missing something. If there is an alternative suggestion to a 401k I would be all ears as well. Thank you very much.