As part of the “Discretionary employer contribution questionnaire,” we request information about discretionary contributions. If you sponsor a safe harbor plan, you are not required to enter your existing formula here. Safe harbor formulas are written into the plan document, which we already have on file.
However, if you utilize a safe harbor formula and would like to make additional discretionary contributions on top of that formula, you will need to provide those details.
If you are not sure if your formula is safe harbor, please check section A.12 of your plan document.