FIS Relius

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.

• 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.

NASBA Field of Study: Taxes

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

How to participate

Please connect at least 10 minutes prior to the event to troubleshoot any issues. You will need a phone and internet access. The graphics presentation and illustrations will be viewed via the web connection, while the presenter's audio portion will be via the telephone. Important Note: The user registrant must be logged in via the internet for CE purposes. Select the "Fees" link on the right side menu of this page for more information.

System Requirements for Webex

WebEx supports both Windows and Mac operating systems. For Windows, we recommend using Internet Explorer 11 or Microsoft Edge browsers. For Mac, we recommend using Google Chrome or Mozilla Firefox browsers. For the easiest connection to the event without the need to download any additional software, try the new Webex web app by clicking on the "Join by browser" link below the login fields. Then connect by telephone as prompted.

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