What type of plan is the Radish Plan?

What type of plan is the Radish Plan?

It's a 401(a) qualified retirement plan that is totally employer funded. Since it covers only non highly compensated employees (NHCEs), it can be designed however the employer wants, including which employees to cover and how they get contributions.

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    • What industries work best for this plan?

      Any industry with measurable performance metrics works well. The primary focus has been trucking (safety, on‚Äëtime delivery), but it also works for healthcare (patient satisfaction, attendance), sales organizations, manufacturing, construction, and ...

    • What design options do we have?

      There are very few rules that must be followed. As a result, the plan can be designed however you wish, and we will help you do that. We will then prepare what is needed to implement the plan.

    • Is there compliance testing required?

      No. There's no compliance testing, no discrimination testing at the end of the year. This is a very simplified plan compared to traditional 401(k)s.