safe harbor

Flavors of Plan Design: Safe Harbor Options
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & Admin
401(k) plans are intended to provide comparable advantages for all employees, and there are numerous safeguards in place to make sure their benefits are allocated equitably. U.S. regulatory measures ensure that a company’s plan does not disproportionately benefit some employees over others, regardless of their income or ownership status. To evaluate whether the plan is  Read More →
New e-Delivery Standards Aim to Reduce Burden and Expense of Notice Distribution
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & Admin
The final version of the Department of Labor’s new rules regarding electronic delivery of required notices was published this past May and took effect July 27th. These new rules will greatly reduce the burden and expense of delivering required participant notices. Many notices may now be posted to a website or provided via electronic mail  Read More →

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