Jakyasar Posted October 23 Posted October 23 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?
Bri Posted October 24 Posted October 24 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 Posted October 24 agree, it could have been done at Plan's inception but not now
Brenda Wren Posted October 25 Posted October 25 You could have established a separate plan and accomplished that.
Jakyasar Posted October 25 Author Posted October 25 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.
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