- The employer may impose a vesting period of up to 2 years
- The contribution formula is clearly defined (minimum employer contribution is 1% of YMPE)
- After the contributions vest, all monies are locked-ion
- Employer contributions are not subject to payroll taxes
- Legislation states that voluntary contributions are allowed to be redeemed. However, employers have the option of locking in all contributions
- Plans are creditor proof
- Low administrative costs
- The employer is responsible for the plan
- Creates a pension adjustment
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