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Safe Harbor 401(k) Benefits For Employers And Employees

Author: 
Paycor
Publication date:
July 15, 2021
Article Summary: 

This blog explains Safe Harbor 401(k) plans and their benefits for employers. Safe Harbor 401(k) plans are retirement plans that provide a way for employers to avoid certain nondiscrimination tests and offer more favorable benefits to highly compensated employees. The article covers topics such as the requirements for a Safe Harbor plan, the different contribution options available, and the advantages of offering this type of plan for employers and employees. The blog also provides tips for selecting a Safe Harbor plan provider and implementing this type of plan for a business.

Keywords: 

Safe Harbor 401(k) plan, employers, retirement plans, nondiscrimination tests, highly compensated employees, contribution options, advantages, plan provider selection, implementation.

Source Citation: 
Paycor
Safe Harbor 401(k) Benefits For Employers And Employees
July 15, 2021
https://www.paycor.com/resource-center/articles/safe-harbor-401k-plan/
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