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- Title
How Safe Is Your ADP/ACP Safe Harbor?
- Authors
Schwallie, Daniel P.; Steinberg, Allen
- Abstract
Plan sponsors are interested in actual deferral percentage (ADP) and actual contribution percentage (ACP) safe harbor designs primarily because they can eliminate the need for ADP and/or ACP testing and ensure that highly compensated employees can maximize deferrals under the plan. There are many nuances to ADP/ACP safe harbor requirements that present traps for the unwary, which can render them unsafe, but the same complexity that creates these traps also creates planning opportunities.
- Subjects
SAFE harbor; NONDISCRIMINATION tests (Retirement plans); 401(K) plans; DEFERRED compensation; DEFINED contribution pension plans
- Publication
Benefits Quarterly, 2013, Vol 29, Issue 4, p35
- ISSN
8756-1263
- Publication type
Article