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OK to start 401k Safe Harbor?


Jean

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Posted

Company has an existing money purchase and profit sharing plan. They want to establish a 401(k) safe harbor effective 8/1/99.

1. Would the safe harbor be considered a a newly established plan as described in Section X of Notice 98-52?

2. Would it be possible to amend the profit sharing to include the 401k safe harbor effective 8/1/99?

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