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Cutting Costs in a COVID-19 World: Reducing or Suspending Company Contributions to a 401(k) or 403(b) Plan
Faegre Drinker Link to more items from this source
Apr. 24, 2020

"As a result of the reduction or suspension of safe harbor contributions, the plan will be subject to the ADP/ACP tests for the entire plan year in which the suspension occurred.... Although a plan with a non-safe harbor matching contribution formula is not exempt from the ADP/ACP nondiscrimination testing requirements, it is important to be aware that a suspension or reduction in contributions can impact testing.... [A] reduction or suspension of company contributions may impact a company's ability to rely on the coverage transition rule commonly applied after acquisitions."

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