If you're navigating retirement plans, August is your buoy in the water; a signal to slow down, scan the horizon, and steer toward Safe Harbor before it’s too late.
Key Deadlines Ahead:
- October 1 – Safe Harbor plan must be established for the calendar year
- December 1 – Participant notice must be delivered
For business owners who want to maximize contributions and avoid failed ADP/ACP testing, Safe Harbor is a reliable route—but it takes time to chart the course.
What should you do now to stay on course?
- Raise the Safe Harbor flag in client conversations
- Start gathering census data early
- Coordinate with your TPA to begin plan design
If you wait until October, you’ve already missed the harbor.
Contact us for further details on ways to help the discussion with your business owner clients.