Ishaan is a Hindu name of Sanskrit origin and one of the names given to the deity Shiva (the Supreme Being within one of the major branches of Hinduism).lthough Ishaan is an ultra-popular name in the ultra-populated country of India, it is an extremely rare one here in the United States.
Safe Harbor Profit Sharing Formula. With the non-elective, profit sharing contribution, the safe harbor is met by the employer making a required profit sharing contribution to a defined contribution plan on behalf of each non-highly compensated employee eligible to participate in the plan. The contribution amount must be equal to at least three percent of the employeeâs compensation.
What are the potential benefits of a Safe harbor plan? Safe harbor provisions can help: â¢ Reduce plan maintenance by eliminating annual testing requirements and the obligation of maintaining a vesting schedule. â¢ Maximize deferrals for highly compensated employees. â¢ Relieve a planâs top-heavy status. â¢ Provide additional employee benefits with profit-sharing or matching contributions. What employer contributions are required? There are many contribution possibilities, but many employers limit their contributions to the amounts required under their chosen Safe harbor formula. The subsequent scenarios generally satisfy Safe harbor requirements: â¢ Basic match.