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HCEs opt out of Sfe Harbor Match?


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Guest jhilliard
Posted

One of our clients currently maintains a 401K with a safe harbor match; can individual HCEs opt out of receiving this contribution? The reason for the question is the owners are thinking of implementing a Cash Balance plan and if the participants in the 401(k) receiving "Corporate" money and are also in the cash balance plan there are limitations applied to the contribution level attainable in the cash balance plan.

I hope this makes sense!

Thanks for your help!

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