Years of Service Required for Plan Participation
Enter the number of years of service required for an employee to be a participant in the retirement plan. Note that this only affects the Participant Benchmark report in the Batch Processing calculator.
Select if the contributions are elective (the default option) or mandatory.
Contributions are Elective
If the DC plan is setup for employee elective contributions, select this option.
Contributions are Mandatory
Select this option if the employee's contributions are mandatory.
Mandatory Employee Contributions as a Percent of Pay
Enter the mandatory contributions as a percent of the participant's paycheck.
Contributions are Pre-Tax
Select this prompt if the contributions are pre-tax.
Allow Pre-Tax Loans and Allow Roth Loans
Checked the appropriate box(es) if loans are permitted by the retirement plan. The input for loans is only available in the Gap Analysis calculator.