safe harbor 401(k) with 3% nonelective

[thepensionmaven]

We have a client that currently sponsors a money purchase and a profit sharing plan.

Some of the participants have mention that they want a 401(k) plan; the client has agreed to amend the profit sharing to include the safe harbor feature, since he has alwys contributed more than 3% anyway.

Rather than restating the whole profit sharing plan to a safe harbor 401(k), does anyone know of a simple snap- on type of amendment to add a safe harbor feature to a profit sharing plan??

[rcline46]

The addition of the 401(k) feature itself is a major amendment probably requiring a full restatment. Do you have a 'snap on' 401(k) amendment?

The Safe Harbor needs notices but no amendment until the end of the Remedial Amendment Period, so don't worry.