A Safe Harbor 401(k) is a retirement plan allowing employers and high-earners to shelter income that would be considered “discriminatory” against employees in a standard retirement plan. Employers and high-earning employees can shelter $55,000-$61,000 per year from income tax without falling out of compliance by providing matching contributions to employees. Safe Harbor 401(k) vs. Traditional… The post Safe Harbor 401(k) Plan: What it is, Contributions, & Matching Rules appeared first on Fit Small Business. from https://fitsmallbusiness.com/safe-harbor-401k-plan/
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AuthorHello I am Teri Crawford 26 years old living in Toronto, Canada. I have recently finished my MBA and planning to start my own business. Archives
November 2018
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