• IRS Proposes Regulations Permitting Suspension or Reduction of Safe Harbor Nonelective Contributions
  • June 18, 2009
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • On May 18, 2009, the Internal Revenue Service (IRS) issued proposed regulations that would permit employers experiencing a substantial business hardship to suspend or reduce safe harbor nonelective contributions under a 401(k), 401(m) or 403(b) plan during a plan year.