Dougsbpc Posted February 27, 2024 Posted February 27, 2024 Have an on-going traditional 401(k) plan (calendar year) can it be changed to a safe harbor 401(k) plan (with SHNE contributions) effective for this 2024 calendar year or do we need to wait until 2025? Thanks.
Bill Presson Posted February 27, 2024 Posted February 27, 2024 You have until 11/30/2024 to make the plan SHNE for 2024 with a 3% contribution. From 12/1/2024 until 12/31/2025, you can make the plan SHNE for 2024 with a 4% contribution. Lou S. and CuseFan 2 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
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