Employers sponsoring Safe Harbor 401(k) plans must satisfy certain notice requirements. The notice requirements are satisfied if each eligible employee for the plan year is given written notice of the employee’s rights and obligations under the plan and the notice satisfies the content and timing requirements.
Historically, many nonprofits had and have 403(b) plans. Today, there are many similarities between 403(b) plans and 401(k) plans:
Employers that hire seasonal workers this holiday season are reminded that there is an exception when measuring workforce size to determine whether they are an applicable large employer (ALE) subject to the Affordable Care Act's employer shared responsibility ("pay or play") and corresponding information reporting provisions.
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- Electronic Submissions of Form 300A Data Due by Dec. 15
- IRS to Begin Mailing 'Pay or Play' Penalty Letters
- The Advantages of “Combo Tested” Defined Benefit and Defined Contribution Plans
- When to Use a Profit Sharing Plan Instead of a 401(K) Plan
- IRS Announces 2018 Plan Contribution and Benefit Limits
- PCORI Fees Hiked for 2018 Filing Period
- 2017 Forms 1094 & 1095 Now Available
- FSA, QSEHRA & 401(k) Limits Announced
- IRS Releases 2017 Tip Reporting Form