Automatic enrollment and immediate elgibility

[alexa]

Hi All,

I have a 401(k) plan with immediate eligiiblity for 401(k) and match

If we don't to allow a refund after 90 days to folks automatically enrolled, how would that work with the 30-day notice requirement in aplna with immediate plan elgiiblity at date of hire?

Lexy

[PensionPro]

Under the final regs the notice would be considered timely as long as it is provided prior to the first pay date and the employee has reasonable time make an election.

[alexa]

Under the final regs the notice would be considered timely as long as it is provided prior to the first pay date and the employee has reasonable time make an election.

Say we give the new hire 30 days to "opt out" and the 1st auto contribution goes in right after the 30 days , can we as employer elect not to allow for distributions in the 1st 90 days undre the final reg?

[PensionPro]

The 90 day withdrawal provision is optional in an EACA/QACA, not a required provision.