Lisa2005

So, for the part-time employees that have participated in this plan for years but have not worked 1000 hours for vesting service will now get credit for anything over 500 hours? Do the hours for vesting service begin in 2021 but not credited until 2024?

It is my understanding that if part-time employees do share in employer contributions, they will receive vesting credit for each year they worked 500 hours or more, rather than the 1,000 hours for full-time employees.

If a 401(k) plan has no service requirement and does not exclude part time employees, will the vesting service criteria change to 500 hours for those employees that work more than 500 but less than 1000 hours for the plan year once the SECURE Act provision goes into effect in 2024?

Correct, ending the QACA outright. Thanks!

If a plan suspends their QACA Safe Harbor contribution mid-year, do they also suspend auto enrollment?