amend a safe harbor match

[Santo Gold]

Can a plan sponsor amend out of a safe harbor match? They currently have a dollar-for-dollar up to 4% plus 50% on next two percent match formula. PYE is 9/30. For the 10/1/2012 plan year, can they either lower this to only the basic s/h match or possibly amend the s/h out of the plan entirely?

Thanks

[ETA Consulting LLC]

Can a plan sponsor amend out of a safe harbor match? They currently have a dollar-for-dollar up to 4% plus 50% on next two percent match formula. PYE is 9/30. For the 10/1/2012 plan year, can they either lower this to only the basic s/h match or possibly amend the s/h out of the plan entirely?

Thanks

They can amend out entirely, but they cannot amend to lower while maintaining the safe harbor.

Good Luck!

[401king]

They can amend out entirely, but they cannot amend to lower while maintaining the safe harbor.

Good Luck!

They could amend to the lower Basic match for the 2012 plan year beginning 10/1/2012, correct? As long as they do so by 9/1 and provide the timely notice.

[BG5150]

ETK: Notice the formula in the OP: 100% up to 4%.

401: You should be fine, I believe.

[ETA Consulting LLC]

ETK: Notice the formula in the OP: 100% up to 4%.

401: You should be fine, I believe.

I totally mis-read the question. I thought the question was regarding a mid-year amendment

[Santo Gold]

BG5150 is correct, it is a 100% up to the first 4%, plus 50% on the next 2%. They might consider amending to the basic SH match effective 10/1 (which is the BOY).

Thanks for all replies.