DMcGovern Posted June 21, 2023 Posted June 21, 2023 Company is establishing a new 401(k) safe harbor profit sharing plan with EACA features. The plan will have an effective date of 1/1/23. I'm told no one will start deferrals until 7/1/23, which will also be when the auto-enrollment would start. Notices would not have been provided to participants until recently (middle of June). I know you can start an EACA mid-year for new enrollees only, but in the case of this new plan would that still apply? Or would everyone as of 1/1/23 that hasn't opted in also be auto-enrolled?
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