It's important to understand the basics of 401(k) plans for employers, including types of plan offerings, the benefits you receive, and regulations to follow. ERS members must apply for retirement at least 60 days before their retirement date via the Retirement Online Application System.ERISA is a federal law that sets minimum standards for retirement plans in private industry. Resources Investment Advisors, A OneDigital Company, the nation's leading investment advisory firm, has acquired Montgomery Retirement Plan Advisors. Here's what your company should know about complying with the longterm parttime employee requirements in your sponsored retirement plan. File Form 5500 to report information on the qualification of the plan, its financial condition, investments and the operations of the plan. Participating Employers. (Rev. One of the hardest parts of retirement planning is getting started. A 403(b) plan is similar to a 401(k) plan (see above), but is provided to employees of non-profit organizations.