Jakyasar Posted October 23, 2024 Posted October 23, 2024 Plan in existence for 10+ years. Initially only has 401k+SH 2020 added PS subject to 2/20 vesting. Can service prior to 1/1/2020 be excluded for vesting service for PS portion? QKA, QKC, QPA, CBS - I used to be indecisive about pensions but now I am not so sure
Bri Posted October 24, 2024 Posted October 24, 2024 Gotta think this is a no - Won't the plan already have a definition for Years of Service and what periods count? And you're wondering if they can now cut that back?
truphao Posted October 24, 2024 Posted October 24, 2024 agree, it could have been done at Plan's inception but not now
Jakyasar Posted October 24, 2024 Author Posted October 24, 2024 Agree with both, thank you for confirming. QKA, QKC, QPA, CBS - I used to be indecisive about pensions but now I am not so sure
Brenda Wren Posted October 25, 2024 Posted October 25, 2024 You could have established a separate plan and accomplished that.
Jakyasar Posted October 25, 2024 Author Posted October 25, 2024 Good point but checking a takeover in this situation and correcting what prior TPA did. Also may not always be a cost effective way to approach. QKA, QKC, QPA, CBS - I used to be indecisive about pensions but now I am not so sure
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