Guest tlemaster2 Posted March 9, 2004 Posted March 9, 2004 Can you add a new comparability contribution to an already established safe harbor match plan in mid-year?
Tom Poje Posted March 9, 2004 Posted March 9, 2004 new comparability is simply a way of allocating a nonelective contribution. If the document does not include one you can always add one. I would guess the document already includes one (maybe comp to comp) In that case, it depends on what the eligibility is. If there is a last day provision, you could always amend the formula since no one has accrued the contribution yet. If there is an hours requirement, chances are no one has attained that yet either
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