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New York State Teamsters Council Health & Hospital Fund SELECT PLAN Summary of Benefits and Coverage: What this Plan Covers & What it CostsCoverage Period: 01/01/2014 12/31/2014 Coverage for: Individual
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What is select plan?
Select Plan is a type of retirement plan that allows employees to make pre-tax elective contributions to their retirement accounts.
Who is required to file select plan?
Employers who offer Select Plans to their employees are required to file Select Plan information with the IRS.
How to fill out select plan?
Select Plan information can be filled out electronically through the IRS's online filing system or by submitting paper forms. Employers must report employee contributions, employer matching contributions, and other relevant details.
What is the purpose of select plan?
The purpose of a select plan is to provide employees with a tax-advantaged way to save for retirement, while also allowing employers to offer a valuable benefit to their employees.
What information must be reported on select plan?
Select Plan filings must include information on employee contributions, employer contributions, plan investments, and other relevant details.
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