Guest Terryjohn316 Posted January 8, 2003 Posted January 8, 2003 if an employer had a simple IRA for 2002 does and wants to start up a safe harbor 3% for 2003, does the simple kill the deal because it is considered a 401k? or are we ok to go ahead with a sh?
Guest JEP Posted January 9, 2003 Posted January 9, 2003 THE Simple IRA is not considered a 401(k). As long as a contribution has not been made in 2003, it could be terminated and a SH plan established, as long as the annual notice is timely submitted to participants.
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