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Retirement Services & Financial Advisors​ - Serving Columbus & Beyond

Safe Harbor 401k with Age-Weighted Profit Sharing: A Win-Win for Businesses

Submitted by Life, Inc. Retirement Services on January 29th, 2015

401k Advisors plan design Age Weighted Safe Harbor

For many small businesses comprised of one or several highly compensated employees and a few non-highly compensated employees, the Safe Harbor 401k plan may be the best option if maximizing contributions is a primary objective. Safe harbor plans effectively remove the barriers of discrimination testing that limits the amount that can be contributed for highly compensated employees.

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Safe Harbor 401k Plans Becoming Mainstream for Employers

Submitted by Life, Inc. Retirement Services on January 9th, 2015

401k Advisors plan design 401k Safe Harbor Non-Elective Safe Harbor 401k plans QACA Safe Harbor Match Top Heavy

For some time the conventional wisdom has been that adopting 401k plans is too expensive and too cumbersome for the smaller business scale. Chief among the more onerous requirements had been the nondiscrimination compliance testing for contribution and compensation limits.

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