This document illustrates the value and services provided by a Third-Party Administrator.
Auto Enroll 401(k) (3.5% Safe Harbor Match)
Auto-Enroll “QACA” 401(k)
(3.5% Safe Harbor Match)
All Employees Auto-Enrolled at 6% Deferral (From their own paychecks)
Employer Match is capped a 3.5%
(Graded match from 1% – 3.5%)
Match Vesting is delayed until 2 Years from Date of Hire to Retain employees. Best Option
Safe Harbor plan which satisfies annual ADP/ACP Compliance Testing. Details in pdf.
Basic Match 401(k) (4% Employer Match)
Basic Safe Harbor 401(k)
(4% Safe Harbor Match)
Voluntary to allow your employees to save for their own retirement
Employer Match is capped at 4%
(Graded match from 1% – 4%)
Employer Match is Vested immediately to Attract & Retain top talent – Best for Professionals
Safe Harbor plan which satisfies annual ADP/ACP Compliance Testing. Details in pdf.
Traditional 401(k) (No Employer Match)
Traditional 401(k) w/ ROTH
(No Employer Match)
Lowest Cost Option for the Employer/Company
No Match or Mandated Employer Contribution – $0 Employer Cost
Voluntary to allow your employees to save for their own retirement
Ability to add a 3% Safe Harbor Contribution for all Employees to remove any ADP/ACP Testing Issues.* Details in pdf.
Profit Sharing 101
There are 3 main parts of a 401(k). Employee Deferrals & Employer Match are the first two. The more mysterious, and most magical, portion is the third – Profit Sharing. Understanding how the Profit Sharing portion can work for your plan is the best way to maximize your results – from Company Tax Deductions, Employee Retention, or simply more employer flexibility…
Cash Balance by Age
Estimated allowable contributions (2021) – assuming retirement at 62 / 65 with 5 years of participation in the plan.
Solo (k) with Cash Balance Plan
There are 3 main parts of a 401(k). Employee Deferrals & Employer Match are the first two. The more mysterious, and most magical, portion is the third – Profit Sharing. Understanding how the Profit Sharing portion can work for your plan is the best way to maximize your results – from Company Tax Deductions, Employee Retention, or simply more employer flexibility…
PPC Census Form
The Census Form captures details for a specific plan year for each participant including compensation.
PPC 3 Legged Stool
The Plan Sponsor relies upon partners to successfully maintain an effective retirement plan. The attached document illustrates this example.
Safe Harbor Quick Tips
The following 401(k) Safe Harbor Quick Guide illustrates the benefits and drawbacks to each type of Safe Harbor plan-type.