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.
You can operate a jet ski at 12 years old if you have passed the boating safety course or have someone over the age of 18 with you. Once you are 18 you can operate a PWC withoâ¦ut the safety course. Here is the link.
the snowmobile breaks through the ice or comes across open water, loading or unloading a snowmobile, riding conditions are unsafe (such as bad weather). To safely drive a snowmobile, you need to be strong, skilled and mature. For this reason: Children and teens under 16 years of age should not operate snowmobiles. Head injuries are more common in passengers than in drivers. It takes strength and stamina to be a passenger on a snowmobile. Passengers need to hold on tight for a long period of time, which can be hard to do, especially when the snowmobile is running over bumpy ground at a high speed. For this reason: Children under the age of 6 should never ride as passengers on a snowmobile.