Safe harbor notice

[PS]

Hi, 

The plan termination date is 10/07/2022, and all contribution has been completed.  Since this is a safe harbor plan will a safe harbor notice needs to be sent to the participants?  The 30 days notice. 

Thanks 

[Luke Bailey]

Do you mean a safe harbor notice for 2023? Wouldn't that be somewhat misleading (or short)?

[PS]

On 10/5/2022 at 5:59 PM, Luke Bailey said:

Do you mean a safe harbor notice for 2023? Wouldn't that be somewhat misleading (or short)?

Safe harbor notice for 2022

[C. B. Zeller]

29 minutes ago, PS said:

Safe harbor notice for 2022

was due a reasonable amount of time (usually 30 days) before the 2022 plan year, e.g. November 30, 2021.

[Lou S.]

I'm assuming this is a calendar year plan. Did you meet one of the exceptions to continue to be treated as a safe harbor plan in the year of termination since it is less than 12 months?

 

[PS]

On 10/10/2022 at 9:07 AM, C. B. Zeller said:

was due a reasonable amount of time (usually 30 days) before the 2022 plan year, e.g. November 30, 2021.

Thank you! Since the notice was not sent the counsel has advised to proceed with one last contribution.  

[PS]

On 10/10/2022 at 3:29 PM, Lou S. said:

I'm assuming this is a calendar year plan. Did you meet one of the exceptions to continue to be treated as a safe harbor plan in the year of termination since it is less than 12 months?

 

Yes, the counsel has advised to do the last contribution.