Search the Community
Showing results for tags 'entry date'.
Found 2 results
-
A plan is on a calendar year. EE is eligible to participate on their date of hire, and the entry date is the first day of the month coinciding with or next following the date they satisfy the eligibility requirements. EE was hired on 11/25/2015 and is >21 years old. There is no termination date. Until what date are they still considered otherwise excludable based on: Option 1: The group includes participating employees who have not satisfied the IRC Section 410(a)(4) entry date period applicable to them – in other words, they are treated as otherwise excludable employees until the earlier of the first day of the next plan year after attaining age 21 and completing one year of service or 6 months after satisfying such requirements. This is the maximum waiting period under the Code. Any comments or thoughts would be much appreciated! Thanks!
-
Got a heated debate on this one. 19, YOS (1000) Semi Entry, 6/30 PYE Employee hired 8/11/14 Terms 4/22/15 Worked 1000 hours between 8/11/14 and 4/22/15 Rehired 8/15/16 What is employees participation (entry) Date? I say 1/1/17 because employee was not an employee on 1/1/16 or 7/1/16. I am being told the employee is eligible 8/15/16 because employee satisfied eligibility requirements and crossed over 1/1/16's entry date and was therefore potentially eligible then. Going to need solid backup for either answer. Boss is involved. Thanks!
