The term "Safe Harbor" has a multitude of meanings in conjunction with the administration of qualified retirement plans. But in recent years the term has predominantly been associated with the provisions applicable to safe harbor 401(k) plans. These plans have become extremely popular, especially among smaller employers. When you consider the overall benefits, you’ll see why.

Offering your employees a retirement plan is one of the best benefit programs that you can provide for your employees, however, it can be one of the most challenging programs as well. As an employer, you are the plan’s sponsor and the plan’s Fiduciary. Plan Fiduciaries are responsible for all facets of the retirement plan....