Safe Harbor Plan Design Archives

Safe Harbor 401(k) Plan Design

Safe Harbor 401(k) Plans can eliminate a host of testing issues for traditional 401(k) Plans. If HCE contributions in your plan have resulted in corrective distributions in the past, you may consider a Safe Harbor plan in 2020. The deadline is quickly approaching, so be sure to contact us before December 1st to make 2020 plan changes.

Marketing2020-02-05T10:10:00-05:00November 11th, 2019|Categories: Newsletters/Bulletins|Tags: QACA, Retirement Plan Consultants, Safe Harbor 401(k) Plan, Safe Harbor Plan Design, Qualified Automatic Contribution Arrangement (QACA), 401(k), 401k Retirement Plans|Comments Off

Does My Safe Harbor Plan “Require” Testing?

There is a common misconception that safe harbor plans are exempt from testing requirements. This overly general and inaccurate statement calls for a proper explanation. A safe harbor plan requires tests other than non-discrimination, entails proper administration to satisfy the plan design and can benefit from testing for plan optimization.

Marketing2019-07-19T10:16:12-05:00March 18th, 2019|Categories: 401k Resources|Tags: 401(k) Provider, Safe Harbor Plan, Safe Harbor 401(k) Plan, Safe Harbor Plan Design, 401(k) Plan Annual Testing, Non-Discrimination Testing|Comments Off