What sort of 401k benefits do private groups typically offer? Is it standard for a group to max it out after you've been with a group for several years?
401k bens
- Thread starter Nilf
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If you're in a true private practice group then it's part of your compensation, not really the same kind of benefit like if you are an employee. If the group is "offering" you benefits like that then you aren't a partner. At that point it's usually up to you to put as much in as you like - only so much can be tax deferred though. If you are employee some places will match your contribution up to a certain point.
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cough...soap box...Actually by law you have to offer the same retirement benefit to your employees as you yourself take. To do otherwise requires a "Safe Harbor" arrangement that can be quite complex.
401K and pensions...defined bene plans etc...vary WIDLY by group depending on the situation/type of job etc.
1 year waiting period is standard for private plans.
Not sure what you mean by "max it out". In a vast majority of plans, there is an employee and employer contribution, even if you are a "shareholder".
