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IRS Issues Final Regs on Suspending Safe Harbor Contributions During the Plan Year
EisnerAmper Link to more items from this source
[Guidance Overview]
Jan. 8, 2014
"Unfortunately, many plan sponsors have already provided the safe harbor notice for the 2014 plan year to employees. Those plan sponsors may either revise and reissue the safe harbor notice or accept that safe harbor nonelective contributions can only be reduced or suspended in 2014 if the business is operating at an economic loss. Safe harbor notices issued for plan years beginning in 2015 should include the necessary information to permit a reduction or suspension of safe harbor contributions during the plan year in order to provide maximum flexibility for the plan sponsor."

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