austin3515 Posted September 14, 2023 Posted September 14, 2023 We use the RElius Corbel formatted document. Anyone have any idea what the normal procedures would be for how to treat rehires? One of the options listed below should be somehow selected or known. Can it be purely administrative policy or is there an absolute answer to this question contained somewhere in the BPD? I also understand (From reading the administrative provisions and BPD) that there is less flexibility if we are trying to use the 90 day permissible w/drawal EACA provisions. Affirmative Election WAS Made 1) Do NOT auto enroll or resume any affirmative elections. 2) Subject the participant to a new auto enroll process. 3) Implement the old election on payroll. Affirmative Election NOT made: 1) Do NOT auto enroll or resume any default elections. 2) Subject the participant to a new auto enroll process. 3) Implement the old auto enrollment rate on payroll without a new set of notifications/wait periods. This option is more important of course if there is an auto escalation feature. Just curious if I'm the only who is struggling with this issue more and more as more plans add auto enrollment... Austin Powers, CPA, QPA, ERPA
austin3515 Posted September 14, 2023 Author Posted September 14, 2023 Maybe I am making it more complicated than it is.This is what it says the Admin Procedures section: Application to Automatic Deferral provisions to rehired Employees. Unless this Plan is a QACA, or with respect to withdrawal rights for EACAs, then rehired Employees are treated as new hires pursuant to the following (leave blank if not applicable): l. [ ] A rehired Employee is only treated as a new hire for purposes of the Automatic Deferral provisions (except as otherwise provided in the Basic Plan Document) if the rehired Employee has separated from service for at least (enter a period; e.g., 3 months) I gather what this means is if you leave for a week, a month a year or 3 years, when you come back you get re-solicited for auto enrollment. Is that where people are landing here? Austin Powers, CPA, QPA, ERPA
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