Description
Become familiar with safe harbor arrangements and various common mistakes related to safe harbor plans and how to fix such mistakes.
There are several required notices for Internal Revenue Code (Code) Section 401(k) plans governed by the Employee Retirement Income Security Act of 1974 (ERISA) for safe harbor 401(k) plans. Missing a notice can be expensive, burdensome, and detrimental to a plans taxfavored status. This presentation will provide a brief overview of safe harbor designs, and dive into the notice requirements that have had several changes in the last few years.
Date: 2022-09-29 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to describe Safe Harbor Plan designs.
* You will be able to discuss why employers choose a Safe Harbor Plan.
* You will be able to explain the annual Safe Harbor Notice.
* You will be able to identify the consequences of failing to provide notices.