Do you understand 401(k) plans? If so, please help . . .

[bertha katzenengel]

What does "safe harbor" mean?

[Lochloosa]

1. That your not going to make any money....

Here is good site that will help explain it...
http://www.401khelpcenter.com/

[bertha katzenengel]

5. the link is broken . . . looks like a good site, but I am having a hard

time finding your exact location - help?

[Lochloosa]

7. Fixed

Do a search on "safe harbor"

[LSK]

2. if you are younger put your money more in stocks

If you are older put it less in stocks.

Thats the general rule of thumb.

Im 33 and have 90% of mine in stocks.

[bertha katzenengel]

3. thanks but that's not what i'm asking

:hi:

[Taverner]

4. Safe harbor refers to low yeild, low risk funds

Lots of bonds....but not much interest. Of course, they are risky in a way, esp if inflation rises faster than your interest. Then you lose money.

[bertha katzenengel]

6. that's all it means? safe harbor = low risk, low yield?

we've rec'd the most convoluted, piece of crap memo on our safe harbor contribution for next year. everyone's asking the ben. dir. what the hell it means - jesus, no one can understand the damned memo, and he offered no definitions just said "see . . ." and "see . . ."

and when he replies to these queries he doesn't give answers - just more unintelligible crap. aaaaahhhhhhh!

[yellowdogintexas]

8. who is the company that manages the 401k?

try their website for assistance

[sendero]

9. This has to do with Federal regulations regarding...

.... discrimination.

"As a general rule, 401k plan must satisfy certain non-discrimination requirements. Many small businesses find this hard to do and, as a result, many don't set-up such plans. The Small Business Job Protection Act of 1996 provided 401k plans with alternative, simplified methods of meeting the non-discrimination requirements. 401k plans that adopt one of these alternative methods are referred to as "safe harbor 401k" plans."

From this site....
http://www.401khelpcenter.com/cw/cw_safe_harbor_401(k).html

Looks like you have some googling to do :)