Important Safe Harbor Deadlines
A Safe Harbor 401(k) is a popular plan for small employers. It allows an employer to maximize contributions
Hicks Pension Services has specialized in qualified retirement plan administration since 1968. We administer thousands of plans throughout the United States and have among our clients: Law Firms, Accounting Firms, Medical Corporations, Banks, Trade Associations, Agricultural Corporations and Small Businesses. Complete administrative services are offered by Hicks Pension with a special emphasis on personalized service. We prepare the necessary reporting forms required by the IRS, Department of Labor and PBGC. Please reach out to see how we can assist your retirement plan needs!
Hicks Pension Services utilizes over 50 years of experience in the retirement plan industry to design a plan to fit your company’s needs. Here are some of the most popular plans we administer:
The most popular plan available today is the 401(k), a defined contribution plan that allows employees to defer a portion of their salary before taxes and contribute it to a qualified Plan. Deferral amounts must... Read More
Safe harbor contributions can be added to traditional 401(k) plans to eliminate the burden of discrimination testing. They require the employer to make a specific contribution to each participant in the plan... Read More
A cash balance plan is a type of defined benefit plan that has characteristics of a defined contribution plan, such as a 401(k), and offers more portability than traditional pension plans - you can... Read More
A Safe Harbor 401(k) is a popular plan for small employers. It allows an employer to maximize contributions
My hope is that you and your families are healthy and finding constructive ways to deal with the
The deadline to establish a new Safe Harbor 401-k Plan was October 1st and has now passed. However,