1. Selection of Retirement Plan Type. This Procedure will help determine whether a 401(k) plan rather than a Simple IRA or other type of retirement plan is the most appropriate one for an employer.
2. Selection of Plan Contribution and Allocation Formula. This Procedure will aid in the selection of the most appropriate employer contribution formula and identify alternatives regarding the allocation of the contribution among company employees..
3. Selection of Plan Promotion Methods. This Procedure will help employers determine how the plan can best be promoted to its employees.