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Employer Contributions for SIMPLE to 401(k) SECURE 2.0
History replied to justanotheradmin's topic in 401(k) Plans
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Employer Contributions for SIMPLE to 401(k) SECURE 2.0
History replied to justanotheradmin's topic in 401(k) Plans
About the safe harbor component of these plans, during the ERISApedia SECURE 2.0 webinar they made a point of saying that the safe harbor contribution had to be nonelective. I haven't seen that specified anywhere else, and the recent John Hancock webinar on SECURE 2.0 specifically stated that the safe harbor contribution could be nonelective or a match. Is there a restriction to nonelective or not?