Category: Safe Harbor Contributions

Benefits Briefs in the Time of COVID-19, Part 5: Suspending or Reducing 401(k) Safe Harbor Contributions

by Jordan Schreier | May 4, 2020

As businesses across the country adjust to the financial reality of Coronavirus related shutdowns and restrictions, some employers that sponsor safe harbor formula 401(k) plans are revisiting a money saving strategy last...

IRS Permits the Use of Forfeitures for QNECs, QMACs and Safe Harbor Contributions

by Eric Gregory | Jul 30, 2018

Many employers had long assumed that they could fund contributions to qualified plans made to avoid violating nondiscrimination rules from employee forfeiture accounts. Recently, the IRS finalized helpful new guidance to...

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The HR Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.

Category: Safe Harbor Contributions

Benefits Briefs in the Time of COVID-19, Part 5: Suspending or Reducing 401(k) Safe Harbor Contributions

IRS Permits the Use of Forfeitures for QNECs, QMACs and Safe Harbor Contributions

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Disclaimer

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