Hunter Benefits Consulting Group, Inc.’s Post

Why Don't more businesses take advantage of QACA? QACA is a Type of Safe Harbor Plan with many benefits. QACA is a "Qualified Automatic Contribution Arrangement" The benefits include: - Retaining Top Employees - Recognizing and rewarding loyal employees - Optimizing financial savings How do you get those benefits with a QACA? In a QACA plan, you can have a vesting schedule with a 2-year cliff. This means as soon as an eligible participant works over 1,000 hours for 2 years they are 100% vested. But if the participant leaves before the 2 years, the unvested portion stays in the plan and can be used to pay expenses or reduce next year's contribution requirements. If you want a more in-depth look at this QACA Safe Harbor Plan click the link in the comments to watch the full video. #retirementplans #401k #retirement