Human Resources
Article: ADP/ACP Safe Harbor Compensation Compliance Confusion

Article: ADP/ACP Safe Harbor Compensation Compliance Confusion

ADP and ACP safe harbor plans require that a nondiscriminatory definition of compensation be used to determine safe harbor matching contributions. However, the plethora of permitted compensation definitions, and the rules surrounding them, can create compliance issues, particularly if the plan document, payroll, and record keeping are not properly coordinated.

Article: ADP/ACP Safe Harbor Compensation Compliance Confusion