Just a short note between Defined Benefit Plans and Cash Balance Plans, because we have an important deadline coming up.
We talked about safe harbor 401(k) plans, which are very common among small businesses that have a 401(k) plan. They fill a very important need. But new safe harbor 401(k) plans must be adopted by October 1 of their first year. In order to meet that deadline, we need to get started now.
Please contact me if you have clients who may benefit from a safe harbor 401(k) plan.
#401k #Safe Harbor Plans