Thomas Red

Situation: The plan has monthly entry dates. An employee is hired on 7/11, entering the plan on 8/1. The employee leaves the company on 8/1. The pay period is 7/24 - 8/5. Question: Does the employer withhold deferrals for the day of 8/1? Does the employer withhold deferrals from 7/24 - 8/1? Does the employer not withhold any deferrals at all?

If the employee is a NHCE, can we execute the amendment prior to the employee entering the plan? You mentioned that this is a correction, which I understand as being completed after the employee enters the plan.

So you can do a stand alone amendment to say that a specific employee will enter the plan on a specific date, without changing the eligibility requirements or entry dates? I assume this is only allowed for NHCE's?

I have a plan sponsor that wants to amend the eligibility requirements and entry dates to allow a specific employee to enter the plan. After that employee enters the plan, the plan sponsor wants to amend the eligibility requirements and entry dates back to what they were. Is this allowed? If not, why?