What is the penalty for not making required contribution such as safe harbor match?

The consequences are significant. Not making a contribution required by the plan terms is a plan compliance failure. If unaddressed, it may lead to monetary sanctions on the employer and, potentially, plan disqualification.

Cetera Retirement Plan Specialists is a third-party administrator and may not offer tax, legal or investment advice. Plan sponsors should consult their own tax, legal or investment professionals.