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Safe Harbor 401(k) Plans: Back to Basics [2019]
Presentor: David Schultz Recorded Date: 8/21/2019 Duration: 100 Min.

This program was recorded during a live presentation given on August 21, 2019.

Safe Harbor 401(k) plans are the 401(k) plan of choice for a large percentage of employers. Safe harbor 401(k) plans avoid burdensome nondiscrimination testing and costly corrections. Learning to take advantage of various matching design options also allows an employer to avoid the complexities of top heavy, enhance disparity, and increase savings flexibility. But many practitioners aren’t clear on the complex and changing rules that pertain to safe harbor plans. What is the actual deadline for distributing a safe harbor notice to participants? What is the consequence of a notice failure? Is there a safe harbor option for auto-enrollment plans? This web seminar offers an in-depth discussion of safe harbor 401(k) plans, including the impact of the regulations affecting mid-year amendments.

Topics include:
  • ADP safe harbor requirements
  • ACP safe harbor requirements
  • Notice requirements
  • Plan documentation
  • Top heavy exemption
  • Termination and exit requirements
  • QACA requirements
  • Early eligibility issues
  • Designing a safe harbor 401(k) plan

There are no prerequisites or advanced preparations required for this intermediate level course. However, attendees should understand: 1) the basics of 401(k) plan ADP and ACP testing, and 2) how matching contributions are allocated, and 3) have a minimum of two years of experience in working with qualified plans.

Level: Intermediate
Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: Upon completion of the course, attendees should be able to:

  • Design the safe harbor 401(k) plan option that best suits a client’s objectives
  • Apply correctly the plan documentation requirement
  • Understand/Compare the QACA design with the "traditional" safe harbor design
  • Convert an existing retirement plan into a safe harbor 401(k) plan
  • Design a safe harbor 401(k) plan to avoid the ACP test and the top-heavy requirements
  • Explain the timing and content rules for a safe harbor 401(k) notice
  • Advise employers on electing into and out of safe harbor status
  • Advise employers on correcting safe harbor failures

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