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Asked 12/15/2008
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Are safe harbor contributions made by the company considered part of the total maximum investment that can be made? Are safe harbor contributions made by the company considered part of the total maximum investment that can be made or are they in addition to the maximum limits, e.g. $20,500 for employees over 55?
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I have 4 employees, earning between 70,000 and 120,000 per year. 2 of those employees are owners (my husband & self, both over 50) specifically, how much do i have to pay into the 401k for the other 2 employees if i put the max of 20,500 into each of the owner's 401k accounts? under safe harbor,...
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