Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

Safe Harbor Plans Can Add Roth Programs Mid-Year

Your article was successfully shared with the contacts you provided.

Retirement plan sponsors can make at least 2 types of changes in the middle of the year without changing the administrative status of their plans.

Internal Revenue Service officials describe the changes it is encouraging in IRS Announcement 2007-59.

Sponsors of 401(k) safe harbor plans can implement a qualified Roth contribution program or a hardship withdrawal program mid-year, even if a plan’s pre-year safe harbor notice did not mention those provisions, without jeopardizing the requirements for safe-harbor plans, officials say in the announcement.

A copy of the safe harbor announcement is on the Web


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.