Prototype Plan
Definition A plan that is made available by a prototype sponsor for adoption by employers and under which a separate funding medium is established for
Employer-sponsored retirement plans that are ideally suited for business with 1 to 100 employees
Definition A plan that is made available by a prototype sponsor for adoption by employers and under which a separate funding medium is established for
Definition An IRA based retirement plan established by an employer (business) for its employees. Under a SEP IRA, the employer makes SEP contributions to Traditional
Definition An SBO 401(k), is a 401(k) plan established by self-employed individuals for their businesses. Brand names for these plans include Individual-K, Solo-K and Uni-K
Definition Small Business Job Protection Act of 1996, Pub. L. 104-188 (SBJPA ) Act which include provisions that provided tax relief for small businesses, protect
Definition Salary Reduction Simplified Employee Pension Plan (SARSEP or SAR-SEP) A simple employee pension plan (SEP), to which employees may make salary deferral contributions. Definition
Definition 401(k) plans that make contributions in accordance with a safe-harbor formula, resulting in the plan not being subject to the ACP and ADP nondiscrimination
Definition 2-year restriction placed on transfers, rollovers and conversions of SIMPLE IRA assets. Under this restriction, SIMPLE IRA assets are ineligible to be transferred, rolled
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