Archimage Posted November 29, 2004 Posted November 29, 2004 A client has distributed the safe harbor notice stating they will contribute the 3% SHNEC for the 2005 plan year. Is it possible to rescind this notice before the start of the plan year?
Ron Snyder Posted November 30, 2004 Posted November 30, 2004 The word is "rescission". The answer is "yes". However, you may be required to give employees an opportunity to change their elections.
Archimage Posted November 30, 2004 Author Posted November 30, 2004 Yes, I see that is not even a word now.
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