Encourage Greater Participation with a QACA Safe Harbor Plan
Автор: The Retirement Plan Company, LLC
Загружено: 2019-09-26
Просмотров: 748
Описание:
"Learn how a QACA Safe Harbor option works"
Here’s a common real world situation. Your plan sponsor client wants to maximize their personal 401(k) contributions each year, but they can’t due to restrictions imposed by nondiscrimination tests. The solution? Implement a Safe Harbor option which gives the plan an exemption from nondiscrimination testing. Now your client can max-out their contribution.
A Qualified Automatic Contribution Arrangement – or QACA – is a Safe Harbor option that not achieves the goal above, but it encourages greater participationand higher saving rates across your client’s workforce. A true win-win!
This month’s video walks you through a QACA Safe Harbor arrangement and how it works. Give the video a watch and then give us a call to discuss client situations where this might be a good fit.We’re here to help
For more detail Visit:- http://www.trpcweb.com/
Contact us for free consulting: http://www.trpcweb.com/contact-us/
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