A new Comparability Plan is a type of “Cross-Tested” Plan. The employer contribution is allocated by a formula set out in the plan document. Under a typical new comparability design, plan participants are divided into two or more groups with each group receiving its own level of employer contributions. Examples of groups that may be established are based on job category, age, or age and service.
New Comparability Plan
Evan Rapp2017-05-01T15:29:41-05:00May 1st, 2017|Comments Off on New Comparability Plan