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For businesses owners who have not yet implemented a company sponsored 401(k) plan, the deadline for adopting a Safe Harbor 401(k) for calendar year 2019 is approaching on October 1st.

The IRS has announced an increase to the amount that can be contributed to 401(k) plans in 2019. You will be able to defer $19,000 ($25,000 if you are 50 or over)