Randall & Hurley, Inc.
Loren D. Stark Company
EPIC Retirement Plan Services
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|Updating Your 401(k) Plan's Safe Harbor Notice|
Oct. 26, 2021
"[T]he timing [of the safe harbor notice] is deemed reasonable if the notice is provided at least 30 days (and no more than 90 days) prior to the start of the plan year (so, by December 1 for calendar-year plans).... [If] the prior year's safe harbor notice did not contain a statement that the employer may reduce or suspend contributions midyear, plan sponsors should consider adding that language[.]"
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