Safe Harbor 401(k)s
A Safe Harbor 401(k) is a way for business owners contribute to their employees' retirement plans. You can maximize your contributions to your own account but are required to provide a match to employees as a percentage of compensation.
The last thing you need is added complexity in running your business. A Safe Harbor 401(k) can be a complicated retirement plan option so let us take the guesswork out of it.
With a Safe Harbor 401(k), as the business owner you must be willing to make required contributions in the form of a match. Any size business may find these plans attractive, but take a closer look if:
You have fewer than 25 employees.
You are open to making required employer contributions.
Interested?
If you are interested in this item and have some questions, feel free send an inquiry.
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