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.
“The team at Benefit Equity continually exceeds our expectations. Their focus on superior client service and creative thinking adds real value for our clients…and they are a pleasure to deal with and take pride in their work. In the past we have worked with other TPAs who charge a lot more for a reduced level of service. We would recommend BEI in a heartbeat.”