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Hello, Company sponsors a safe harbor 401k plan. Plan document excludes "executives" from receiving the safe harbor match. In this case "executives" will always be HCE's by comp except for the first year of employment. Question: company hires a new employee (immediate eligibility just to make this simply). Employee is hired as an executive and falls into this excluded group. However, this employee is not a HCE the first year of employment. I am thinking this employee will be required to receive the safe harbor match even though she is part of the executive group. Otherwise wouldn't we have a higher rate of match for HCE's, who are not excluded because they are not executives, than we would for this one executive who is currently not an HCE? Thanks
