Reminder: Important Regulatory Deadlines Are Approaching

Along with Safe Harbor notices, Qualified Default Investment Alternative ("QDIA") notices should be distributed between October 3 and December 2, 2019, if applicable. You can find more information, including sample notices, by visiting https://abaretirement.com/epag/forms-tools-resources/important-plan-documents/. Required Minimum Distributions1 ("RMDs") are due to impacted participants by December 31, 2019. No action is required by you. RMDs will be issued automatically in early...

Continue reading →

Are You Submitting Your Safe Harbor Contributions Correctly?

If you sponsor a 401(k) plan intended to comply with the safe harbor provisions, it’s important to submit contributions using the correct contribution code. The safe harbor codes are: Safe Harbor Matching Contribution – “P” Safe Harbor Nonelective Contribution – “T” These codes are displayed on the Contribution Remittance Form as “P/T” in one column. Through Sponsor Web, the appropriate field shows...

Continue reading →

Is it time To Review Your Plan Design?

As this plan year draws to a close, you may want to review your plan design and consider strategic changes. A safe harbor plan is helpful because it makes your plan exempt from nondiscrimination testing while allowing your highly compensated employees (HCEs) to defer up to the maximum amount. You have until December 1 to adopt or change a safe harbor plan...

Continue reading →

Reminder: Important Deadlines Are Approaching!

Along with safe harbor notices, Qualified Default Investment Alternative (QDIA) notices should be distributed between October 1 and December 1, 2017, if applicable. In addition, Required Minimum Distributions (RMDs) are due to impacted participants by December 31, 2017. Please call us at 800.752.6313 or email us at contactus@abaretirement.com if you have any questions.

Continue reading →