Reminder: Safe Harbor Plan Notification

By December 1 of each year you need to give notice to employees about your safe harbor plan.  You should be getting information from your Third Party Administrator (TPA) about giving this notice.  If you do not hear from your TPA by November 1, you should call them to review so that you do not miss the notification period.  You should retain evidence in your files of how you gave all employees notice.  The notice is required in case anyone wants to change their 401(k) elections based on the type of safe harbor plan you have.

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