401k prototype plans, 401, 401k loans and 401k hardship withdrawals information

1. What are the three main advantages 401(k) Easy has over other 401k plans?

2.  What are the two main differences between 401(k) Easy and other 401k plans?

3.  What is a "401k prototype plan"? What does it mean that 401(k) Easy includes one?

We're always here to answer your questions.

4.  We already have a 401k plan, but it's a headache, and costs a fortune. Can we switch to 401(k) Easy?

5.  Can we hire you to set up and run our 401k? What's the cost?

6.  We've never sponsored a 401k plan before. Will someone help us with deciding the particulars?

7.   What if we start with a run-it-yourself plan, then later decide we want an outside-serviced plan?

8.  Can 401(k) Easy handle 401k matching contributions? Are they mandatory? Do we have control over matching contribution rates and vesting schedules?

9.  Does 401(k) Easy let us exclude part-time workers from receiving 401k matching contributions?

10.  Can 401(k) Easy handle 401k loans? Are they mandatory? Do 401k loans increase the price of 401(k) Easy?

11.  Can 401(k) Easy handle 401k hardship withdrawals? Are they mandatory?

12.  What kind of investments are available with 401(k) Easy? Can we offer 401k participant-directed brokerage accounts? Our company's publicly traded stock?

13.  Do we repurchase 401(k) Easy every year? Does that get expensive?

14.  Why do we pay for "eligible employees," not just those who participate in the plan?

15.  How does 401(k) Easy help keep our 401k in synch with IRS regulations?

16. Does 401(k) Easy help with 401k compliance testing?

17.  Does 401(k) Easy help with 401k year-end tax reporting?

18.  What other reports does 401(k) Easy create -- and do these reports save us time?

 

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