PLAN SIZE:

• Small to large employers (tax-exempt and for-profit entities) who want to offer a salary reduction plan with a maximum number of design options.

ELIGIBILITY:

• Must include employees who are at least 21 years old, have completed 2 years of service (at least 1,000 hours each year).

• Employer may set less restrictive eligibility standards.

• Automatically excludes Union employees and/or non-resident aliens.

FUNDING:

• Employee pre-tax salary deferrals optional.

• Employer contributions optional.

VESTING:

• Participants are immediately 100% vested in salary deferrals.

• Vesting schedule available for employer contributions.

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