PS Posted August 13 Posted August 13 Hi, Plan sponsor is yet to start the termination process however they have questions regarding profit sharing and safe harbor. There is a balance of $3000 in the forfeiture account. Are they required to make a profit sharing contribution for 2025 plan year (10/30/2025 - or whatever date is prior to that for termination of the plan) They only had payroll for the month of December 2024- they are anticipating that the final 3% safe harbor for 2025 plan year would only be approx. $1500. is that true? They haven't determined the termination date yet.
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