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Retirement, LLC
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MGKS
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Jocelyn Pension Consulting
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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CMC Pension Professionals
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Nicholas Pension Consultants
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Aimpoint Pension
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Question 237: Can each participating employer under a multiple employer plan select its own plan provisions for eligibility, contributions, vesting, etc.? |
Answer: If the plan document permits it, yes. I anticipate that many multiple employer plans offered by PEOs will offer adopting employers such choices. Some may want safe harbor 401(k) plans; some may want deferral-only 401(k) plans; and others might want an employer match (but not be safe harbor). I see no reason that all three options cannot be offered in a single document. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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