Guest TrustMe401k Posted September 28, 2006 Posted September 28, 2006 The new safe harbor that was created by PPA for autoenrollment plans requires the automatic deferral increase provision (among all the other requirements). That I understand. But. there is some disagreement in our office about whther or not an existing SH 401k plan would be required to implement the auto increase if they add the automatic enrollment feature to their existing plan to maintain their safe harbor status. I have not seen anything on this so your thoughts are appreciated.
david rigby Posted September 28, 2006 Posted September 28, 2006 It looks to me like a whole new definition of safe harbor, and does not change/alter/invalidate prior definitions. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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