Guest JFTN Posted January 25, 2013 Share Posted January 25, 2013 Plan has no eligiblity requirement for deferrals. Entry is date of hire. Plan excludes interns from participation. If regular full time employee becomes intern, are they still eligible to defer? Link to comment Share on other sites More sharing options...
rcline46 Posted January 25, 2013 Share Posted January 25, 2013 Once they become an Intern, they are in an excluded class and cannot defer. Neither can they take a distribution. However, I find it curious that a full time would become an intern. On the surface it smells. Link to comment Share on other sites More sharing options...
Guest JFTN Posted January 25, 2013 Share Posted January 25, 2013 I'm glad you picked up on that; interns are actually the class of employees they are using when an employee moves from full time to part time. They of course cannot exclude part time, so they are reclassifying them as interns. They then sometimes become regular FTE's again. I've advised them they should stop doing this as it does smell. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now