Jump to content

Recommended Posts

Posted

Hello.

Client is looking to remove a fixed non-safe harbor match of 100% of deferrals up to 6% comp(pay period determination period) from its plan.  The plan also has a safe harbor match., so this is a safe harbor plan.   Can we removed the fixed match so long as it is done prospectively (say 8/1/21) with no SH notice provided by July 1.    Is this change a permissible mid-year change to a SH plan?  Please advise.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use