1. I don’t trust my former employer – can he do whatever he wants with the account balance I had?
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2. How do you determine who is in the group of highly compensated employees?withdraw funds from my 401(k) account?
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3. How soon do we have to remit deferrals to the institution?withdraw funds from my 401(k) account?
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4. Is there a minimum number of employees that have to participate?withdraw funds from my 401(k) account?
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5. What are the contribution limits for this year?withdraw funds from my 401(k) account?
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6. If a participant terminates and is rehired, when can that rehired employee re-enter the plan?withdraw funds from my 401(k) account?
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7. What's the difference between a 401(k) and Profit Sharing Plan?
401(k) Plans have a much higher administrative cost but allows for a much higher maximum employee contribution.
8. If I start a plan, how long do I have to keep it?
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9. What happens to the plan if we go out of business?
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10. I need to withdraw funds because of a hardship. Will this be covered?
Hardship and In-Service withdrawals require the participant to fill out an application giving more detail of their account. From this information your TRCO administrator will be able to tell you if and how much will be covered.
11. When can I get my hands on my money?
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12. What do you mean we failed, we never did before?
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13. Our 401(k) test fails. What options do we have to help make it pass?
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