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 plan’s 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: End Time:
Learning Objectives
Why Employers Choose a Safe Harbor Plan
Basic Overview of Safe Harbor Plan Designs
Annual Safe Harbor Notice
Qualified Default Investment Alternative (QDIA) Notice
Qualified Automatic Contribution Arrangement (QACA) Notice
Mid-Year Change Notice
Mid-Year Reductions or Suspension of Safe Harbor Contribution Notice
Practical Considerations
Failure to Provide Notices
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,HR Certification Institute ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Patricia Beaty-Taft Stettinius & Hollister, LLP
