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| Micro(k) Installation Kit |
| SAI has assembled ALL the installation forms you and your client will need to get a Plan Document & Adoption Agreement prepared. Please follow the simple checklist and instructions to start the Plan installation process. |
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Document #:
01/2008
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| Defined Contribution Plan Installation Kit |
| When a business has eligible common-law employees, a Micro(k) may not be offered. That's why we developed special programs for profit sharing, safe harbor and DASH 401(k) plans. Use this installation kit to retain SAI to help your client establish one of these "Next Level" plans. |
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Document #:
SAI Forms
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| Salary Deferral Election Form |
| Although provided in the Micro(k) Administrative Forms booklet, this form is displayed separately due to its importance. To make a salary deferral election, each eligible participant needs to have this form completed PRIOR to the final payroll within the Plan year. Salary deferral monies must be contributed to the Plan & Trust investments and life insurance policies within 15 days of the salary deferral (or sooner if feasible). |
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| Beneficiary Designation & Instructions |
| Although provided in the Micro(k) Administrative Forms booklet, this form is displayed separately due to its importance. Becuase the Plan & Trust must be the owner and beneficiary of ALL the trust assets, a separate form is required for each eligible participant to designate the beneficiaries of his or her account balance. Married individuals must follow special rules. The completed form should be filed with the Plan Administrator and a copy sent to SAI so that we may assist you in the event of a claim. |
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