Safe Harbor Match Calculator Basic Match 100% up to 3% , 50% next 2%
RULES: Enter from 1 to 20 employees
ENTER: COMPENSATION , not to exceed 245,000 for 2010 & 2011 ENTER: SALARY DEFRRAL, not to exceed 22,000 for 2010 & 2011
NOTE: Compensation is the ANNUAL amount earned even if employee has stopped deferring, be aware of the compensation definition in your plan document b/c some newly eligible employees may use compensation from a different entry date (i.e. July 1) Use this calculator to estimate match or shore up shortages created during the year!
This SH Match calculation is almost always off on an annual basis due to the fact that the employee is due SH Match on their full year (annual) salary even if they stop deferring money at anytime during the year. Now you can be assured that you are contributing the right SH Match for your employees!
For best results, enter only numbers and do not include commas. Example $63,500.77 would be 63500.77 Also, be sure to enter data in the "name" column and only enter information for participants who have deferrals.
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