Archimage
Nov 29 2004, 05:36 PM
A client has distributed the safe harbor notice stating they will contribute the 3% SHNEC for the 2005 plan year. Is it possible to rescind this notice before the start of the plan year?
vebaguru
Nov 29 2004, 08:39 PM
The word is "rescission". The answer is "yes". However, you may be required to give employees an opportunity to change their elections.
Archimage
Nov 30 2004, 08:43 AM
Yes, I see that is not even a word now.