TX-TPA-Guy

Thank you everyone for your insight on this. I agree that it is not the best solution but sometimes outside forces make this happen. I like the credit prior service idea. Is this an option with the standard prototype document? Can we amend at will for this do you think?, even if SH?

They're wanting to do this because of the companies' turnover. They basically changed eligibility to three months of service so a couple of the newly hired execs could get into the plan sooner. Now they want to change it back because a lot of people don't even stay there the required 12 months or 1000 hours. One issue I foresee is that these execs will probably eventually be over the compensation limit and then could we potentially have a discriminatory issue with HCEs being eligible sooner than the rank-and-file. I forgot to mention that they are also trying to stay under 120 to stay away from an audit. I don't have the EOB with me but would you happen to know where I can find this in the code where multiple eligibilities are allowed? thank you guys so much for your help! I truly appreciate it.

I know a plan can have secondary eligibility say for people hired after a certain date for example but can I plan also have multiple eligibility provisions depending on job class? For example bank tellers are eligible to enter the plan after three months of service and loan officers have to wait one year and 1000 hours to be eligible.