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Home > Federal Law Articles > Employee Benefits > 401(k) > Suspending Safe Harbor Contributions Mid-Year: A Primer for Employers

Suspending Safe Harbor Contributions Mid-Year: A Primer for Employers

May 28, 2020 | Ogletree Deakins Filed Under: 401(k)

As cash flow and decreased revenue concerns rise, many employers are looking for ways to cut costs. This article generally identifies the circumstances that allow a safe harbor 401(k) plan sponsor to suspend safe harbor contributions and the related consequences of such suspensions.

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