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Newyorksba

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  1. Hi. We currently offer simple IRA to employees. Offered to 5 employees in 2022, all (30) in 2023. However, only 3 took it - most didn’t even realize we have this plan. we are looking to terminate simple ira and start safe harbor 401k with profit sharing. We will be offering to all employees. Would we be eligible to receive secure 2.0 act tax credits? can we say these plans are “not substantially same” and hence claim tax credit? thanks
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