What is a Safe Harbor 401(k) Plan?
Your plan might need an extra compliance boost through safe harbor.
The Safe Harbor 401(k) plan is a way for employers to bypass IRS non-discrimination tests. Employers can essentially exempt themselves from red tape by making specific 401(k) contributions on behalf of employees. You can think of it as giving eligible employees an immediate raise or match in exchange for fewer compliance headaches. Use our calculator below to see how much these contributions will add to your payroll.