The Advantages of Safe Harbor 401(k) Plans vs. SIMPLEs: What Every Accountant Should Know (Currently Unavailable)
Author: Francesca Zelasko, Mark M. Gutrich
| CPE Credit: |
1 hour for CPAs |
The Savings Incentive Match Plan for Employees (SIMPLE) and Safe Harbor 401k plan were both created by the Small Business Job Protection Act of 1996, to encourage small business owners to make a retirement savings plans available to their employees. This webinar will cover the ins and outs of both SIMPLE IRA/401k and Safe Harbor 401(k) plans, including their typical costs, standard features and tax advantages. In addition, we will compare SIMPLE and Safe Harbor 401k Plans to help employers better understand the related trade-offs of each — including how owners and highly compensated employees can maximize their retirement savings using a Safe Harbor 401k plans, while simultaneously limiting their required employer contribution.
Designed For
Practitioners at all levels regardless of practice concentration, who advise or wish to advise clients on 401k plan types.
Topics Covered
- Small business plan basics
- Safe Harbor vs. SIMPLE and what you need to know
- Plan costs, features and benefits
- Plan comparisons for your clients
- How to help your clients choose
Learning Objectives
- Understand the fundamental options for 401k plans
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Specialized Knowledge and Applications (1 hour)
Program Prerequisites
None
Advance Preparation
None
