Overview of New Comparability
New Comparability allows employers to make different contributions to different employee groups such as owners, highly-compensated employees, and other employees.
- Maximize Contributions for Owners / Key Employees
- Contributions are Discretionary
- Different Contribution Rates for Employee Groups
- Flexible Design to Meet Employer Goals
- Can be Combined with a 401(k) Plan
- Works Best if Owners are Older Than Other Employees