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What is a Safe Harbor401(k) Plan?

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What is a Safe Harbor401(k) Plan?

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Safe Harbor 401(k) is similar to a traditional 401(k), with special advantages for companies who may be at risk of failing the nondiscrimination ADP or ACP tests. Plan designs are slightly less flexible than traditional 401(k)s, with a required contribution by employers on the behalf of employees that are fully vested safe harbor contributions.

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