Benjamin Spater

Seyfarth Shaw LLP

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Plop, Plop, Fizz, Fizz – Relief For Safe Harbor Plans Reducing or Suspending Contributions in 2020

Seyfarth Synopsis: Due to the significant economic impact of COVID-19 on businesses, many plan sponsors would like to reduce or suspend contributions to safe harbor 401(k) plans this year. Normally, mid-year changes to safe...more

7/9/2020  /  401k , 403(b) Plans , Benefit Plan Sponsors , Employee Benefits , Employer Contributions , Highly Compensated Employees , IRS , Popular , Safe Harbors , SECURE Act
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