As 1/1/99 approaches, there is more and more discussion (and interest) concerning safe harbor 401(k) Plans. Do you think it's a good idea?

My preliminary thoughts on it:

Pro - It eliminates cost and aggravation of 401(k)/(m) testing. It allows employees at the lowere end of the HCE pay scale ($80k - $100k) to defer more.

Con - It eliminates an incentive for sponsors to adequately communicate and explain the Plan to its NHCE group. The only requirement will be the annual notice to employees.