Code of Massachusetts Regulations
960 CMR - OFFICE OF THE STATE TREASURER AND RECEIVER GENERAL
Title 960 CMR 6.00 - Massachusetts Defined Contribution Core Plan
Section 6.04 - Eligibility for Not-for-profit Employers to Be Participating Employers
Universal Citation: 960 MA Code of Regs 960.6
Current through Register 1531, September 27, 2024
(1) Not-for-profit employers eligible to be Participating Employers under the Plan shall include organizations that:
(a) are incorporated under Code Section
501(c);
(b) are established,
organized or chartered under the laws of the Commonwealth of
Massachusetts;
(c) are doing
business in the Commonwealth of Massachusetts;
(d) employ not more than 20 persons as of the
date the Participation Agreement is fully executed; and
(e) agree to be in compliance with the
provisions of the Plan documents and complete any other documentation required
for participation in the Plan as directed by the MEP Sponsor.
(2) A governmental employer shall not be eligible to be a Participating Employer under the Plan.
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