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Being in Canada I'm obviously not as familiar with US heath benefits and 401(k)s as you guys are. I now need your help answering the following questions:
1. I understand that legislation around health care benefits in the US now dictates that employers must now provide all their employees with the same plan. In other words, they can't have different plans for different levels or locations or job descriptions, they must provide all their employees in the US with the same plan (even if that plan is "no plan"). Is my understanding correct?
2. With regard to the above question, does this also apply to 401(k) contribution matching? To be specific, we have 12 employees in the US. They all participate in a non-employer-matching 401(k) plan. We would like to start matching contributions for just two of the employees based on their level (they are the VP and the Director of US Sales, the remaining employees are sales reps and managers). Is this still legal in the US?
Thanks in advance for your responses, much appreciated.