The Maximum QACA Automatic Increase Percentage is Movin' on Up | Holland & Hart - The Benefits Dial
A Brief Summary of Recently Issued IRS Safe Harbor 401(k) Plan Guidance For those of you who have been following along at home (literally these days), you know that the SECURE Act, which was passed only at the end of last year (though it feels like forever ago), instituted a wide range of retirement plan changes, including a number of changes with respect to safe harbor 401(k) plans. On December 9, 2020, the IRS issued guidance on these safe harbor changes in the form of Notice 2020-86. More specifically, the SECURE Act (in part): (1) increased the maximum automatic contribution percentage fo...
Source: jdsupra.com