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Did You Know the RESA bill makes changes to 401k Safe Harbor provisions?

The RESA (Retirement Enhancement & Savings Act) makes significant changes to 401k Safe Harbor provisions. This legislation proposes the elimination of the notice for 3% Safe Harbor Non-Elective plans, the ability to adopt a Safe Harbor Non-Elective plan within 30 days of the end of the plan year, and the ability to adopt a 4% Safe Harbor Non-Elective plan after 30 days from the end of the plan year. This provides much greater flexibility for small employers to adopt these great plan designs.

Thinking about starting a retirement plan or making changes to a current one and want to know what could be the right fit for you? MVP can help! Give us a ring, and we’ll lay out options that suit your goals and needs.

CATEGORY
All News Blog & Articles
Deductions Limits
Innovations
MVP of the Month
Newsletter
Uncategorized
Let's Talk!

If you have questions about what you’re reading, we’ve got you covered. Use our Contact Us form or call:
1-866-687-6877.