Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. A celebration of the 100 most influential advisors and their contributions to critical conversations on finance. The latest markets news, real time quotes, financials and more. The sponsoring employer establishes eligibility and the vesting schedule. Employers use these plans to create incentive programs for employee retention. The employer controls the plan and determines the contribution limits. Eligible employees who participate in the plan include government employees, teachers, administrators and support staff.
Employer contributions are mandatory, even if an employee decides not to contribute to the plan on a voluntary basis. An employer contributes funds to the plan on an employee’s behalf. Employer contribution options include the employer paying a set amount into an employee’s plan, matching a fixed percentage of employee contributions or matching employee contributions within a specific dollar range. The plan gives employers more control over their employees’ investment choices. Becoming fully vested in the employer contributions depends on the vesting schedule the employer set up.