10/30/98: The Internal Revenue Service has released Notice 98-52, providing guidance on the design-based alternative or "safe harbor" methods in section 401(k)(12) and section 401(m)(11) of the Internal Revenue Code (added by the Small Business Job Protection Act of 1996) for satisfying the section 401(k) and section 401(m) nondiscrimination tests, for plan years begining in 1999. Plan amendments needed to implement the safe harbor methods generally may be deferred until the date other SBJPA plan amendments are required (for calendar year plans, December 31, 1999.
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