Historically, many nonprofits had and have 403(b) plans. Today, there are many similarities between 403(b) plans and 401(k) plans:
Employers sponsoring Safe Harbor 401(k) plans must satisfy certain notice requirements. The notice requirements are satisfied if each eligible employee for the plan year is given written notice of the employee’s rights and obligations under the plan and the notice satisfies the content and timing requirements.
In the qualified plan realm, sometimes a Defined Contribution Plan (DC) such as a Profit Sharing Plan is an ideal design for a small office. Consider the following example for a 2017 Plan Year:
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