mming Posted July 15, 2025 Posted July 15, 2025 A PSP that was set up many years ago is now being amended into a 401(k) plan. Once this occurs, does it have to include LTPT employees or is it excluded from this requirement by virtue of the fact that the plan has existed for a long time?
Bri Posted July 15, 2025 Posted July 15, 2025 LTPT doesn't have the same grandfathering rule as the auto-enrollment. Lou S. 1
Lou S. Posted July 15, 2025 Posted July 15, 2025 401(k) Plans, existing, new or converted have to comply with the LTPT rules.
mming Posted July 15, 2025 Author Posted July 15, 2025 Yup, I got it confused with the autoenrollment rules - thank you both.
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