The Payroll Blog

News, tips, and advice for small business owners

Webinar Recap: Safe Harbor 401(k)

Posted On
Stephanie Davis

On August 20th we presented a webinar hosted by Mike Albert, Sure401(k) Senior Account Executive. If you didn’t get a chance to watch the webinar you can watch on-demand here or check in with our recap below.

Several men watering and caring for a plant.

401(k) Basics

While most people know that they should be saving for retirement, it can be hard to figure out the best way to do so, especially as a small business owner. Often times, small business owners feel they can’t even offer a 401(k) plan, because it’s too costly or time-consuming, which we’ve previously broken down as a myth. A 401(k) helps set you up for the future when you might want to step away from your business and into retirement. It is also a great way to support your employees and get people interested in working for your business. And, as an added incentive, contributing to a 401(k) helps you and your employees save on taxes.

What can get tricky is knowing which type of 401(k) plan to choose.

Solo, Traditional, Safe Harbor

If you’re a solo business owner, no employees, then choosing the solo 401(k) plan is pretty much a no brainer. But what should you do when you have employees?

  • Traditional 401(k)
    • The traditional 401(k) gives you maximum flexibility with the plan design. You can decide how much, if any, you want to contribute to an employee matching program, and you can determine the vesting schedule. The one thing you need to know about the traditional 401(k) plan is the testing requirements associated with it. The government conducts non-discrimination tests on these plans to make sure they are benefiting all employees, and not just the highest earners. The best way you can avoid this is by choosing a…
    • Safe Harbor 401(k)
      • One of the biggest draws to choosing a safe harbor 401(k) is that your testing requirements will automatically be fulfilled, meaning you don’t have to worry about not passing the non-discrimination test. Other big advantages of this plan are:
        • Ability to make the maximum tax-deferred contribution
        • Tax savings on personal return
        • Tax credits that will lower your costs even more

The 411 on Safe Harbor Deadlines

The safe harbor 401(k) deadline is October 1. Meaning if you want to offer a safe harbor 401(k) at your small business, you need to act now.

Ready to pick your plan but need some help?  

The Sure401k is standing by to answer your retirement plan questions—whether you are looking for help designing your safe harbor 401(k) plan or you’re wondering how to integrate 401(k) deductions into your payroll processing. And, because Sure401k was built for small businesses, it’s designed to fit your small business budget. Ready to get started? Contact one of our reps at 866-497-2028 or

View Our Plans and Pricing

Small Business Is Our Business.


This website contains articles posted for informational and educational value. SurePayroll is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, SurePayroll. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant. If you require legal or accounting advice or need other professional assistance, you should always consult your licensed attorney, accountant or other tax professional to discuss your particular facts, circumstances and business needs.