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What Is a Safe Harbor 401(k) Plan and Is It Right For Your Company?

What Is a Safe Harbor 401(k) Plan and Is It Right For Your Company?

A Safe Harbor 401(k) plan has become an increasingly popular benefit for business owners. That’s because it opens the door for much higher contributions for owners and highly compensated employees (HCEs). These plans allow you to legally bypass the costly compliance testing associated with 401(k) Plans. Further, all employer contributions are tax-deductible at the corporate…