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Prototype Unstandardized 401(k) Company Data: Company Information: 1. 2a. 2b. 3. 4. 5. 6. 7. 8. 9. 10a. 10b. 10c. 11. 12a. 12b. 13a. 13b. Name of adopting employer (Plan Sponsor): Plan Sponsor address
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A prototype non-standardized 401k company is a retirement plan that has been pre-approved by the IRS but allows for customization by the employer.
The employer sponsoring the plan is required to file the prototype non-standardized 401k company.
The employer must complete the necessary paperwork provided by the plan administrator and ensure all required information is accurately reported.
The purpose of a prototype non-standardized 401k company is to provide a template for retirement plans that can be easily tailored to meet the specific needs of the employer.
The prototype non-standardized 401k company must include details such as plan contributions, eligible employees, investment options, and distribution rules.
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