Safe Harbor Contribution Chart
There are Three Options for Safe Harbor Contributions
Basic Safe Harbor Match
Enhanced Safe Harbor Match
Non-Elective Safe
Harbor
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Employee Deferral
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Employer Safe Harbor Contribution Minimums
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|---|---|---|---|
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Percentage W-2 income
(Amount of deferral)1 |
Option 1: Basic Match
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Option 2: Enhanced Match
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Option 3: Non-elective Match
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The employer matches 100% of the first 3% of each employee’s contribution and 50% of the next 2%. Employees are required to contribute to their 401(k) in order to get the match.
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The employer matches 100% of the first 4% of each employee’s contribution. Employees are required to contribute to their 401(k) plan in order to get the match.
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Eligible employees get an annual employer contribution of 3% of their salary. Employees are NOT required to contribute to their 401(k) plan in order to get the employer contribution.
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0% ($0)
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0% ($0)
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0% ($0)
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3% OR $4,500 required
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1% ($1,500)
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100% match
Total: 1% = $1,500 |
100% match
Total: 1% = $1,500 |
3% OR $4,500 required
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2% ($3,000)
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100% match
Total: 2% OR $3,000 |
100% match
Total: 2% OR $3,000 |
3% OR $4,500 required
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3% ($4,500)
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100% match
Total: 3% OR $4,500 |
100% match
Total: 3% OR $4,500 |
3% OR $4,500 required
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4% ($6,000)
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100% match up to 3%, 50% of the next 1% match
Total: 3.5% OR $5,250 |
100% match
Total: 4% OR $6,000 |
No additional contribution required
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5% ($7,500)
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100% match up to 3%, 50% of the next 2% match
Total: 4% OR $6,000 |
No additional contribution required
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6% ($9,000)
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No additional contribution required
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1
This assumes a salary of $150K and calculations would differ based on the salary of the employee.
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