Jump to content

EACA related


Jakyasar

Recommended Posts

I am not a 401k person and not sure how the following should be handled.

Setting up a brand-new plan for a sole-prop for 2023 (will be signed and funded by 4/15/2024). There will be employees hired later this year or next year. So far, only the owner

Q1: Do I need to have EACA provisions (I do not want any in there) even if retro to 2023?

Q2: For any possible new employee who may be eligible for 2024 and/2025, does the plan have to have EACA option?

Q3: For deferral effective date, I think it should be 12/31/2023, latest possible election date, agree?

Thanks

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...