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Eligibility


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Guest jetfaninmn
Posted

Can a plan the allows a participant to enter the plan after 3 or 6 months also have an hours requirement or am I correct in thinking that an hour requirement is on a 1 year (1,000 hours) provision?

Posted

a plan can have an hours provision, provided that such ees would be guaranteed of entering the plan if they worked 1000 hours in a 12 month period.

the example I have seen goes something like

1. worked 300 hours in a 3 month period or

2. 1000 hours in a 12 month period.

of course at that point you are going individually designed if my memory serves me correctly.

Posted
of course at that point you are going individually designed if my memory serves me correctly.

I believe that the Accudraft prototype allows for such an hours requirement.

...but then again, What Do I Know?

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