BG5150 Posted December 16, 2019 Share Posted December 16, 2019 What are the hurdles to changing the vesting percentage computation basis? A plan currently has 1,000 hours for YOS for vesting. Can it easily change from hours counting to equivalancy or even elapsed time? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left. Link to comment Share on other sites More sharing options...
Larry Starr Posted December 17, 2019 Share Posted December 17, 2019 13 hours ago, BG5150 said: What are the hurdles to changing the vesting percentage computation basis? None that I am aware of. A plan currently has 1,000 hours for YOS for vesting. Can it easily change from hours counting to equivalancy or even elapsed time? Yes; not a protected anything. Change as of the beginning of a plan year. Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com Link to comment Share on other sites More sharing options...
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