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Adding 3% Safe Harbor--notice needed first time?


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Posted

I know that the 3% Safe Harbor notices are no longer needed.

But what about an existing plan that is adding it?  Do they have to give a notice the first time?

If we do an SMM, it's not due until 210 after the plan year of the amendment!

Same thing for an SPD of an in-effect plan.

What about a start-up plan?  Is a notice due?  Or will the SPD suffice?

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Posted

wouldn't you want the HCEs to know they can change their deferrals in the new year? I don't think any of what you out layed is required anymore. 

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