Employees can be a Plan Participant without making any contributions.
After becoming eligible, you are considered a Participant and must be counted as such. Employees who never work 1000 hours in a “plan year” are usually not eligible to participate. Once eligible to participate, the Plan Sponsor/Employer will have responsibility to enroll that employee into the plan (if a 401(k)) or be responsible to provide employer contributions when necessary.
Plan Participants often request the following services and forms:
Please go to “Resources” page to view forms.
“BEI is what I call a best in class provider and I work very closely with them. They are a major asset to our firm and our clients and BEI is the only TPA I would consider for our retirement plan solutions.”