max2000

Thank you for your response. We will have an employee meeting to announce the change.

We have a non-safe harbor 401k. Employer match is discretionary. We want to change the match formula this year. My questions are: 1) Are we required to notify the employees? 2) Is there a deadline for notifying employees? For example, the notice must be sent 30 days before beginning of the year, 1/1/2015. 3) Can we change the formula now effective the beginning of the year, 1/1/2015? Thanks for your help.