The preceding modules in this program have identified the different types of retirement plans, focusing on the features and benefits of each. We now shift the focus to the issues that companies should consider when selecting which plan to implement for their business. Each plan type has unique characteristics and the selected plan must address a company’s specific needs. Once the plan type is chosen, many of its features and options must be tailored to meet both ERISA and Internal Revenue Code (IRC) requirements and the company's objectives for the plan. Only then can a new plan be implemented.

Complexity Level: Intermediate