The IRS recently issued Notice 2016-16 (the “Notice”), which permits most mid-year amendments to safe harbor 401(k) plans. This is welcome news to sponsors of safe harbor 401(k) plans who, prior to the issuance of the Notice, faced uncertainty over whether any mid-year changes to their plan would invalidate the plan’s safe harbor status.
Home > Federal Law Articles > Employee Benefits > 401(k) > IRS Provides Welcome Guidance on Mid-Year Amendments to Safe Harbor 401(k) Plans