There is a way to avoid the expense and hassle of IRS nondiscrimination tests. By setting up a safe harbor 401(k), a business can provide its employees with the same tax benefits as a regular 401(k) plan but skip the onerous annual testing requirements. Read on to learn more about safe harbor 401(k) rules, including how they’re set up, how they meet government requirements and ways to benefit from employer-matched contributions.
