Guest IRaceTA Posted July 9, 2004 Posted July 9, 2004 Have a separate 401(k) plan for a group of Agents and Managers. The agents are paid on a strictly commission basis so how can we calculate their hours of service? Trying to complete the 2003 ADP test and it's failing, want to knock off NHC with less than a year of service. How can I take them off using that rule if I can't determine how many hours the agents work? Plan document states "The number of hours of service to be credited to an employee for any period shall be governed by section 2530.200b-2(b) and © of the Labor Department Regulations relating to the Employee Retirement Income Security Act of 1974, as amended". Help? Kim
david rigby Posted July 9, 2004 Posted July 9, 2004 Reg. here: http://www.dol.gov/dol/allcfr/ebsa/Title_2...2530.200b-2.htm I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Belgarath Posted July 9, 2004 Posted July 9, 2004 For your specific question, you might want to take a look at 2530.200b-3, which deals with the permitted hourly equivalencies for such situations.
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