There are several types of safe harbor contributions for defined contribution plans. Here is a breakdown of each of the types available.
Safe Harbor Contributions for Defined Contribution Plans
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Defined Contribution Plans
Defined Contribution Plan Compliance Calendar
Download the 2018 defined contribution plan compliance calendar to help you stay on top of your 401(k) plan deadlines this year.
Required Minimum Distributions From Defined Contribution Plans
Once you reach age 70 ½, the IRS requires you to take money out of your retirement account. This withdrawal is called a Required Minimum Distribution (RMD). Most people don’t give RMDs much thought until they have to take one. Required Beginning Date For defined...
What is a Cross-Tested Plan?
A cross-tested plan is a type of retirement plan which favors older, long-term employees who are closer to retirement age.
Safe Harbor Contributions
Employers with qualified 401(k) plans that fail nondiscrimination testing each year may find that a plan amendment to add a safe harbor contribution is an effective solution. A safe harbor provision requires a mandatory employer contribution, 100% immediate vesting of...
Cash-out Rules for Small Balances
If your defined contribution plan contains a cash-out threshold of $1,000.00, participants with account balances below $1,000.00 must be forced to take their money out of the plan. Participants with small balances must be given the appropriate distribution form(s),...