Your Plan may offer a Safe Harbor Non-Elective Employer contribution. This is not a matching contribution in that its formula is not based on your own salary deferral contributions to your Plan account. The calculation is based on your salary (3% of eligible wages regardless of your own contributions to the Plan.) Safe Harbor Non-Elective contributions are immediately vesting in your Plan account. Please consult your Plan's Summary Plan Description for additional details.
What is a Safe Harbor Non-Elective contribution? How is it calculated? Print
Modified on: Thu, 25 Jun, 2020 at 2:21 PM
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