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Asked 9/16/2008
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401k termination of safe harbor plans I have a client who wants to terminate a safe harbor 401k plan before the end of the plan year, which is also the end of the calendar year. What safe harbor contribution must be made by the employer? Is it based on the 3 employee's current year to date salary; what they are expected to make for salary by the end of the year with out overtime; or is it based on what the employees made last year? |
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