May a PEO Client Maintain an Outside Plan?
If drafted appropriately, a PEO client may maintain a plan outside of the PEO. The plan must meet IRS guidelines for minimum coverage and there may be special testing and reporting requirements. Please contact the Compliance and Technical Support Department at Executive Benefit Plans for additional information. We have many years of experience developing plans for the client companies of PEOs. We’ve established defined benefit plans for PEO clients who participate in the PEO’s multiple employer plan. Please contact us if you have an interest in establishing a plan outside a PEO’s plan.
Related Questions
- How will my personal account with our current savings plan vendor, which I have set up outside of the savings plan, work after the conversion?
- Do children of families who maintain two domiciles, one in Florida and one outside of Florida, qualify for the Florida Prepaid College Plan?
- Can a PEO client maintain an outside plan?
