The 401k Safe Harbor Match You May Be Leaving Behind

Lucas and Luna dive into the Safe Harbor 401k match, a provision that allows highly compensated employees to max out their contributions without failing nondiscrimination tests. They use a concrete example: a dental practice with 12 employees where the owner wants to contribute $23,500 but historically the plan fails the ADP test. They explain how the Safe Harbor match works, the two main formulas (basic vs. enhanced), and why only 15% of small businesses use it despite its benefits. The hosts also cover the notice requirements and the 2026 deadline for adopting a Safe Harbor provision mid-year. A practical episode for business owners and HR professionals looking to boost retirement savings for themselves and their teams. #SafeHarbor401k #401kMatch #RetirementPlanning #SmallBusiness #ADPTest #HighlyCompensatedEmployees #FiduciaryResponsibility #PlanSponsor #EmployeeBenefits #RetirementSavings #Finance #BusinessPodcast #FexingoBusiness #Business #PersonalFinance #401kPlan #Retirement #EmployerMatch Keep every episode free: buymeacoffee.com/fexingo