New Safe Harbor 401(k) Plan

[imchipbrown]

I can't find this answer. We want to put in a brand new Safe Harbor 401(k) Plan (no prior plans) with non-elective contributions for a calendar year plan. It's past December 1, 2001. Will the notice requirement scotch the deal?

[Tom Poje]

for new plans, you can provide notice as of the effective date, so you should be ok. Its just that you cant convert an existing 401k plan.

see 98-52 V C.2.b it is in there, but doesn't read taht easy.

a good example would be a new hire...

e.g. Dec 15. How would you give him notice 30 days before the plan year begins?

[imchipbrown]

Spot on!

Thank you Tom