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COVID-19 and Late Remittances of Employee Deferrals to 401(k) Plans

May 19, 2020

Many employers facing economic challenges because of COVID-19 have considered several possibilities for reducing their contributions to employees' 401(k) plans. Whether freezing safe harbor matching or nonelective contributions or deciding against making discretionary matching and/or profit-sharing contributions, the goal has been the same: reduce their employee benefits costs. (Read More)

Article By: Adam B. Cantor © Jackson Lewis P.C.

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