![]() We provide easy, affordable small business 401k plans. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Get up-to-date on the 2022 Safe Harbor 401 (k) plan rules with this helpful rundown from Ubiquity. There are no guarantees that working with an adviser will yield positive returns. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). ![]() Employer contributions made to safe harbor 401(k) and SIMPLE 401(k) plans must be. All investing involves risk, including loss of principal. Employer retirement plan contributions aren’t necessarily yours to keep. By following the safe harbor rules, a plan sponsor does not have to perform the actual deferral percentage ('ADP') test for pre-tax contributions for a plan year. Safe harbor contributions formulas became available for most 401(k) plans beginning with the 1999 plan year. In brand new Notice 2020-86, issued on December 9, 2020, the IRS provides some additional guidance on the post-SECURE safe harbor 401(k) plan rules. This is not an offer to buy or sell any security or interest. guidance on safe harbor requirements for 401(k) plans. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. The main requirement for a Safe Harbor 401(k) is that the employer must make contributions to their employees 401(k) savings, and those contributions must vest. SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific investments. SmartAsset’s services are limited to referring users to third party registered investment advisers and/or investment adviser representatives (“RIA/IARs”) that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S.
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