The Basic Plan is for employers wishing to keep fees to a minimum and desire flexibility in funding employer contributions.
The Enhanced Plan is for employers seeking to fund larger contributions to owners and employees.
1 Contributions of owners and highly-compensated employees may be limited if the plan has low participation. The Enhanced Plan eliminates this issue.
2 Choose either: (1) A matching contribution of 100% of employee contributions up to 3% plus 50% on the next 2%, or (2) a 3% non-elective contribution to eligible employees.