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Showing content with the highest reputation on 08/08/2014 in Posts
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Forcing them to wait until the next entry date seems unnecessary, unless their entry dates coincide with the salary deferral change request dates. They are already a participant, so they should be able to defer at any time after the 6-months.1 point
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Although this thread is no longer active, I thought I would post a note because one of the comments above suggested that 401(k) plans are not subject to the 1933 Act at all. This was seemingly what the SEC was saying in Release 33-6281. However, the SEC clarified its position in its no-action letter to Diasonics, Inc. dated Nov. 29, 1982, and indicated that salary reduction 401(k) plans are subject to the 1933 Act.1 point
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