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Safe Harbor
401(k) – A safe harbor 401(k) is similar to a
traditional 401(k) plan, but the employer is required to make
contributions for each employee. The employer contributions in
Safe Harbor 401(k) plans are immediately 100 percent vested. The
Safe Harbor 401(k) eases administrative burdens on employers by
eliminating some of the complex tax rules ordinarily applied to
traditional 401(k) plans. |