Is a 401(k) Safe Harbor Plan Right For Your Business?

Paul FennerEmployer Sponsored

A Safe harbor 401(k) plan allows a plan sponsor to automatically pass certain annual tests to ensure compliance with IRS regulations if specific contribution, vesting, and participant notification requirements are met. Safe harbor plans generally don’t require the following compliance tests: Actual deferral percentage (ADP). A test for pre-tax elective and/or Roth deferrals by highly compensated employees (HCEs) to a … Read More