• Do You Need to Send an Annual Notice to Plan Participants? If So, You May Need to Do So by December 1, 2013
  • November 15, 2013
  • Law Firm: Alston Bird LLP - Atlanta Office
  • Plan sponsors of defined contribution qualified plans may need to issue one or more annual notices to participants before the end of each plan year. Failure to issue a required annual notice can have significant consequences. For example, if a plan sponsor forgets to issue the annual 401(k) safe harbor notice, the plan could lose its safe harbor status and be forced to limit (or refund) contributions by highly compensated employees.