I have recently had two separate employers tell me that they wanted to stop making safe harbor matching contributions to participants in their 401(k) retirement plans in the middle of a plan year. The ...
For workers, a standard 401(k) plan offers a straightforward and tax-advantaged way to save for retirement, but for employers, setting up a 401(k) plan is anything but simple. Companies who want to ...
Benefits, requirements, and process of a popular type of 401(k) retirement savings plan for small businesses Christopher A. Farrell is a bestselling author, and former Wall Street trader and market ...
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Safe Harbor 401(k): Rules, Benefits and How It Works
A safe harbor 401(k) is a special type of employer-sponsored retirement plan that helps businesses skip the hassle of annual IRS testing — while guaranteeing employer contributions to employees. In ...
Principal & Managing Partner at Quartz Partners, overseeing the firm's investment portfolios and employer sponsored retirement plans. To continue reading this ...
A safe harbor 401(k) plan is a version of a traditional 401(k) retirement plan that offers simplified compliance. Employers with safe harbor 401(k)s must contribute to employee accounts, generally ...
Beyond COVID-19’s devastating impact on public health is its second order effects on the U.S. and world economy. Businesses of all sizes need to trim costs. An obvious place to start is with ...
Thanks to the COVID-19 crisis, your investment portfolio has most likely taken a hit. But there may be even more retirement related fallout from the coronavirus pandemic: Your employer could freeze ...
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