Yes, We Are In The Dog Days Of Summer, But It’s Time To Think About The October 1st Safe Harbor Deadline!
Make Sure Your Clients Don’t Miss Out On Significant Tax Savings!
Act now to establish the plan by the October 1st deadline!
While we’re deep in the summer heat, Fall is just around the corner, and so are the Safe Harbor Plan deadlines. Safe Harbor 401(k) plans are the most popular type of 401(k) used by small businesses today because they offer small business owners many advantages.
If they’re still on the fence about starting a safe harbor 401(k) plan, share these benefits with your clients: Read More »
October 1st Tax Savings Deadline!
Don’t Let Your Clients Miss the 2021 401(k) Safe Harbor Plan Deadline
The 401(k) Safe Harbor Plan allows your clients who have one or more employees to:
Defer taxes on up to $19,500 of their income, or up to $26,000 if age 50 or older, regardless of employee participation
Receive a safe harbor match/non-elective contribution and also get a tax deduction
Take advantage of SECURE Act Tax Credits – up to $5,500 per year for putting this benefit in place
Avoid the hassle of IRS non-discrimination testing
Other advantages include:
Cost-effective benefit for employees to save for their retirement
Can allow additional tax deductible discretionary profit sharing contribution
Roth investing option for tax-free growth, which is not subject to income limits like other plans
Don’t delay! Contact us now to learn how we can help maximize your clients’ tax savings before the October 1st deadline.
