Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
AimPoint Pension
|
Bates & Company, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
IRS Still CARES: Suspension or Reduction of Safe Harbor Contributions for 2020
Ferenczy Benefits Law Center [Guidance Overview] June 30, 2020 "Notice 2020-52 permits employers to suspend or reduce safe harbor contributions in 401(k) and 403(b) plans after March 13, 2020, for the balance of the year, regardless of whether the employer is suffering an economic loss or gave a 'maybe not' notice at the beginning of the year.... However, this relief is time-limited: to take advantage of these special rules, the amendment to the plan suspending or reducing the safe harbor contributions must be adopted by August 31, 2020." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |