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Other Services Offered |
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401k Plan - A qualified plan established by employers where eligible employees may make elective deferral's (salary reduction) contributions on a post-tax and/or pre-tax basis. ER Match Plan - An employer contribution that may match the employee's elective deferral (salary reduction) contribution up to a certain dollar amount or percentage of compensation. Profit Sharing Plan - A defined contribution plan that allows employers to give employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company's earnings. Comparability Plans - A profit sharing plan in which the employees are divided into groups, with each group receiving a contribution that is a different percentage of compensation. Such as, the owners in one group, project managers in a second group, clerical staff in a third group and field staff in fourth group. Safe Harbor 401k - Non-Elective ~ A mandatory employer contribution equal to 3% (of W-2 wages) for all eligible employees. Eligible employees are those that have met the Plan's eligibility requirements. Safe Harbor – Match ~ A mandatory employer contribution for all eligible employees in the amount of 100% of the first 3% of Salary Deferral plus 50% of the next 2% of Salary Deferral. No contribution is made for employees not making a Salary Deferral. For further details please contact our office 425-889-8855 ext 1 |
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Davis-Bacon Pension Plans, Inc. © 2012 - Site Map Designed and Maintained by Technology Portal |
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