Retirement Savings for Ineligible Employees. During a Fiduciary Education Program delivered by The Plan Sponsor University (TPSU) at Villanova University of greater Philadelphia in Pennsylvania, Joe Wassel, Vice President and Treasurer at an international shipping and transportation organization shared his experience in working with his firm’s employees in the area of Employee Benefits.
The firm offers multiple benefit plans to serve the distinct needs of international workers, a group of collectively bargained workers and a team of U.S. office workers.
The company 401k retirement plan that covers the U.S. office workers requires that an employee have at least one-year of service prior to being eligible to participate in the 401k plan. But Joe has an excellent way to service individuals who want to participate as of their first day of hire that he shares with 401kTV viewers.
