Jim Chad Posted October 5, 2016 Posted October 5, 2016 I have never seen this before. I have seen comp before Participation being excluded. If the plan has a 1,000 hour requirement for discretionary non-elective, is it legal to exclude hours before Plan Entry?
Bill Presson Posted October 5, 2016 Posted October 5, 2016 So if the plan has quarterly entry and a participant enters on 10/1, the plan requires 1000 hours from 10/1 to 12/31 to receive an employer contribution? I've never seen that in a document. Seems like an attempt to have a mostly 2 year wait without having to 100% vest employees. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
Tom Poje Posted October 5, 2016 Posted October 5, 2016 to back Bill up even more the ERISA Outline Book page 3A.140 2012 edition 3A 1.b. All hours for the plan year must be taken into account (even if the participant was only eligible part of the year) even the LRMs require language that use language such as 'during the plan year' Bill Presson 1
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