401k Plan Design Questionnaire


If you are an employer and want to establish the best 401k plan, please complete this questionnaire. We will provide you with some suggestions, without obligation:

Who wants the 401k plan more?

What do you think is the average percentage of compensation that owners and participants who earn more than $80,000 will contribute? (An estimate will suffice) :

What do you think is the average percentage of compensation that participants who earn less than $80,000 will contribute? (An estimate will suffice)

What will be the employer 401k matching contribution?

Would you prefer a prototype 401k plan that is easier to administer or an individually designed plan that can accommodate more of your requirements?

When do you want employees to be able to contribute to the 401k plan?

Do you want to use a vesting schedule or vest 100% upon plan entry?

Which should be allowed?

Who shall direct the 401k investments?

Where do you want 401k investments to be made?

Who will pay the 401k investment expenses?

Who will facilitate necessary 401k employee communications?

Will you present an enrollment meeting to employees or do you want an outside 401k service provider to do this?

What investment education and information do you want provided to participants?

How will the 401k plan be administered?

How important is limiting 401k administrative costs at the expense of having a successful program?

Who will pay the 401k administrative expenses?

Name

Company's Name

Phone Number

E-mail Address

Date 401k Plan was or will be established

Number of Employees


Comments


Describe your relationship to the employer (e.g., owner, human resource assistant, payroll manager, human resource director, outside consultant, participant, etc.) .