Safe Harbor for All? Not so Fast! There is More Than One Way to Fix a 401(k) Plan.

One of the 401(k) plan complaints I have heard in my career from plan sponsors is that they don’t like to have to take, or give refunds of salary deferral contributions to their Highly Compensated Employees (HCEs). Usually, if a refund is required, it is to either the business owner, or some of their most valuable employees. Most don’t understand why a refund is being given to them, and it makes them think the plan is not working. READ FULL ARTICLE HERE