"I recall that 401(k) and safe harbor plan eligibility are best kept with the same eligibility requirements. I can't remember the drawback to having them different."

"A participant in a 401k is a US citizen. Her spouse is not a US citizen and does not live in the US. She wants to name her 2 children as beneficiaries for her 401k account. Would spousal consent be required to do so in this case?"

"When an employee obtains a second 401k loan, is this a separate repayment schedule or can the initial loan get paid off and 'refinanced' into the new loan? I am the owner of a small business (2 employees, including myself) and am the administrator of our Safe Harbor 401k plan.... My employee obtained a 401k loan about 3 years ago and his remaining loan principal balance owed is about $4000.... If he needs $10k now, and this is possible (I believe it is), what is my better option? [1] Continue his current payroll deduction (3 more years, $4000 + 5% interest) and create a 2nd loan/payroll deduction (5 years, $10000 +9.25% interest) [2] Create a new loan/payroll deduction combining both loans (5 years, $14000 + 9.25% interest) and distribute $10000 to him, effectively paying off the 1st loan. [3] Something I haven't thought of.

"Looking back, I wish I had known that being the administrator of our plan could get complicated. More work than I expected but I've sure learned a lot!"

"What kind of time frame are we looking at here? If someone has been working 18 hours a week for half the year, but then summer kicks in and they work 25 hours a week for a few months, are they in the plan? Also, how do you measure? Is it an average? Over how long? What if someone works 35 hours a week every other week? It averages 17.5 hours a week. But each week they actually do work, it's 35."