What’s the difference between “Safe Harbor” and “Safe Harbor Match”?
IRS regulations require every 401(k) plan to pass a non-discrimination test. The regulations also allow employers to automatically pass that test by making a Safe Harbor contribution. Each year the employer can choose between two types of Safe Harbor contributions: a Safe Harbor Match is given to only those who make 401(k) deferrals; a Safe Harbor contribution is given to all employees in the plan, even those who choose not to defer.
