 |
|
|
What kind of plan should I put in?
 There are many types of plans. Some allow the employer to contribute money such as profit sharing or matching, while others allow employees to contribute money through payroll deductions. Some are for small companies (including self-employed people) and others work best with larger groups. Some require that all funds be vested (belong to the employee) immediately, and some allow for longer vesting periods. By nature, non-qualified types are the most free-form, since they don’t have to meet non-discrimination requirements. Among qualified plans for businesses, the most common types are…
|
|
|
