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Initial Deferral Period in SIMPLE-401(k) Plan


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Guest Grumpy455
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A safe harbor 401(k) plan can be installed now, effective January 1, 2005, because there are at least 3 months (October, November and December) for participation. Is there a similar (or maybe the same) rule for SIMPLE-401(k) plans? I am having difficulty finding rules governing the minimum amount of participation time in the start-up year in a SIMPLE-401(k) plan. Thanks.

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