Definition of Standard Services
401(k) (or 401(k) Profit Sharing) Plan
- 100 or fewer participants with account balances;
- 4 account types (any combination of employee and employer accounts);
- Pro-rata or permitted disparity allocation of Profit Sharing contribution (if applicable, with one projection per Plan Year);
- 10 non-hardship distributions per Calendar Year;
- Payroll period employee contribution allocation;
- Concurrent or annual Employer Matching contribution allocation.