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Brenda Jacobs

Deadline to Establish a Safe Harbor 401 (k) Plan is October 1, 2014

October 1, 2014 is the last day to establish a safe harbor 401 (k) plan.

A 401(k) plan, with safe harbor provisions can enable highly compensation employees to maximize salary deferrals 3 ways:

  1. Defer up to $17,500 with an additional $5,500 if you are 50 years or older.
  2. Contribute maximum of $52,000 via employer and employee contributions in 2014, with additional $5,500 if you are 50 years and over.
  3. Consider Roth 401(k) post-tax as an option.

Please contact Brenda Jacobs at (231) 726-5880 or bjacobs@brickleydelong.com for more details.