Hopefully, after spending a few moments here you'll consider making these type of programs available for the employees of your company or organization. These types of programs are very convenient for your employees and can be used as a stand alone program and or as a supplement addition to other organizational sponsored retirement plans your organization might or might not provide your employees. There is no cost to the employers regarding these plans. The amount of systematic salary reduction for funding these plans is determined exclusively by the employees. All participation in these plans is strictly voluntary.
Participants can start, stop, restart funding as employees elect.
The plans require NO IRS reporting, no discrimination test, no top heavy testing. These plans do not interfere with other existing or potentially existing company or organization retirement type plans. All plan enrollment information and materials is directly provided to potential participants. Employers can structure plan or limit plan such that one, some or all employees can voluntarily participate. For complete information including charges and expenses obtain a prospectus, and read it carefully before you invest.