Would your company benefit from amending to a Safe Harbor plan design which would:
Allow their plan to automatically “pass” the ADP/ACP tests and thereby avoid having to take corrective actions such as issuing refunds to Highly Compensated Employees(HCEs) or Making Qualified Non elective Contribution to Highly Compensated Employees(NCHEs)
Allow their plan to “satisfy” Top-Heavy minimum contribution requirements, under certain circumstance; and
Help their HCEs maximize contributions.
We’re offering to run a no-cost analysis to help determine whether a Safe Harbor design is right for your retirement plan.