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Found 2 results

  1. My employer is closing our 401k Safe Harbor account 8/31/2019. As of yet they have given no written notice of this and also indicated they would not be required to make the 3% contribution for the year. Is this correct ? J
  2. Client wants to amend plan to provide for the 3% non-elective safe harbor (no deferral requirement) and then match 50% of deferrals between 3 and 5% for an additional 1 % "safe harbor match". Is there a way to design the safe harbor so that both pieces qualify as safe harbor contributions? The regulations have an example with a discretionary match, but client wants to fix the match formula into the plan.
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