Guest TPA Guy Posted February 3, 2012 Posted February 3, 2012 We took over a plan midyear (2011) and at that time did a plan restatement that made it so that interns could not participate in the plan. The question is; are interns who contributed for part of the year eligible for the annual match? Match eligibility reads that it is allocated for anyone who had compensation during the year and is employed on 12/31/2011. It does not specifically exclude anyone (except anyone who is not there on 12/31). Since they became ineligible in the middle of the year are they still eligible for the match?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now