The IRS Significantly Increased the Availability of Mid-Year Changes to Safe Harbor Plans
Mid-year changes to safe harbor 401(k) plans have long been thought to be available in only very limited circumstances. However, the IRS recently released guidance in Notice 2016-16 that significantly increases the scope of permissible mid-year changes to safe harbor 401(k) plans. Generally, safe harbor 401(k) plan provisions must be adopted (and participants must be […]
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3 min read
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Tagged: 401(k) plan, IRS, mid-year amendment, mid-year change, safe harbor, safe harbor 401(k) plan
KH
Kevin Hogan
Former Associate