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.
But in most states, the practice is legal. In Minnesota, lawmakers even dropped the age limit from 16 to 12 for driving adult ATVs, with a nod to safety: They require children to take a training class. Across the country, thousands of children have been injured or killed riding ATVs, the majority on adult vehicles. But 40 states have laws and rules allowing children younger than 16 to drive ATVs designed for adults. Nineteen have no age limit. Some with age restrictions, including Minnesota, spend little effort trying to enforce them.