A New Comparability Plan enables company owners to maximize contributions to their own retirement accounts by allowing the establishment of two or more classes of employees.

In general, many companies which use the New Comparability Plan design establish one class for owners and key employees and another for hourly employees. New Comparability rules allow you to designate higher contributions to select employee groups – in this case, the owners and key employees.

The good news is you don’t have to worry about whether your plan meets these requirements. Fringe Benefit Group’s in-house experts have the know-how to design your plan and ensure it remains in compliance.