Eligibility & Enrollment
To participate in a defined contribution plan:
- Employees must be scheduled to work a minimum of 1,000 hours per year to be eligible to receive employer contributions (unless your institution elects otherwise in its adoption agreement).
- All employees are eligible to make salary deferrals.
- Employees are eligible to be enrolled on the first of the month coincident with or immediately following their date of hire. There are no age or minimum service requirements.
- Enrollment in the plan is effective on the first of the month after CPG receives all of the employee's enrollment information.
If you have not yet adopted the plan please submit the Defined Contribution Plan Adoption Agreement form. Once your institution adopts a plan, you must enroll everyone who is eligible. If you don't know whether or not you've adopted a plan, please visit "Your Institution's Plan Adoption Agreement Details" under the Institutions Tab of the Employee Roster.
Upon adopting a plan, you will receive a letter from Client Services confirming that your adoption agreement has been processed. You are now ready to enroll your eligible employees.
To begin enrolling your eligible employees, please visit the Employee Roster, or complete an Employee Application for Membership (if you aren't familiar with the Employee Roster, please see the information and resources located on The Employee Roster page in the Administrators' Resource Center).