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Leave of Absence & Contribution Eligibility

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For a Cash Balance Plan, which doesn't have the last day requirement, I know it's irrelevant.  If someone went out on leave (whether it's maternity or not) and had already worked over 1,000 hours they are eligible for a contribution.

How about a Profit Sharing Plan?  We have a plan that has multiple people on Maternity Leave and someone else on Medical Leave.  They are all getting paid disability, if it matters.  Are they eligible for a contribution for the year?

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Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance.

Corey B. Zeller, MSEA, CPC, QPA, QKA
Preferred Pension Planning Corp.

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