QUESTION
Is it legal for an employer to offer 401k plan to some employees but not all employees?
Asked on Dec 02nd, 2012 on Business Law - Illinois
1 ANSWER
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Yes. Federal tax law expressly permits certain classes of employees to be excluded from qualified retirement plans. If you have questions about this, you should Review the provisions of the plan with an attorney.
Answered on Dec 03rd, 2012 at 8:11 AM