January 12, 2024

The Americans with Disabilities Act is a federal statute that extends civil rights protection to persons who are considered disabled. Title I of the ADA, the employment section, applies to employers with 15 or more employees and makes it unlawful to discriminate against qualified individuals (job applicants and employees) on the basis of a disability (or perception of a disability) with regard to any aspect of employment. Retaliation and harassment are also prohibited.

What is a Safe Harbor 401(k) Plan?
A safe harbor 401(k) is a specific 401(k) retirement plan design that allows sponsoring employers to avoid certain compliance testing. Many aspects of 401(k) plans are subject to compliance testing to ensure that higher paid employees and owners don’t benefit from the plan disproportionately in comparison with the rank-and-file employees. Put another way, the plan’s provisions must not unduly discriminate in favor of owners and the highly paid.