MId-Year Changes to Safe Harbor Plans MId-Year Changes to Safe Harbor Plans

MId-Year Changes to Safe Harbor Plans

The IRS provided much needed guidance on what changes can be made to a safe harbor plan mid-year with IRS Notice 2016-16. This notice provides what changes are not allowed and what changes are allowed if certain requirements are met.

 

Below are a couple of resources to assist you in making the determination of whether a mid-year change is permissible to a safe harbor plan.