Who is eligible to join the plan?
Only full-time or part-time employees can participate in your plan. New hire probationary period restrictions, if applicable, may apply and prevent certain employees from immediately joining the plan. Any individual who is paid under contract, on a fee-for-service basis, or other arrangement (e.g., gig worker) is not eligible to participate through an employer arrangement.
Connected shareholders cannot participate or contribute to the DPSP. This includes corporation owners, their relatives and spouses, and anyone with more than a 10% stake in the company, even if they work for the company.