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Prevailing Wage 401k Plan Design
A properly constructed Prevailing Wage 401k Plan is not merely a 401k with the Prevailing Wage box checked. Employers many times do not realize the decisions and options that are theirs to make, just as many 401k persons are not aware of rules that are Prevailing Wage specific. The timeliness of deposits, compensation definitions, in service distributions, and the severe penalty that may result when annualizing contributions all make a difference. This webinar discusses the three reasons any employer has for implementing a 401k and their impact on the set-up of the plan. It also provides a step-by-step specific review of the questions to ask and a list of the items that make a difference.