Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Defined Contribution Plan Administrator

The MandMarblestone Group, llc
(Telecommute / Philadelphia PA)

The MandMarblestone Group, llc logo

401(k) Client Support Specialist

401K Generation
(Altamonte Springs FL)

401K Generation logo

Plan Administrator

BlueStar Retirement Services, INC.
(Telecommute / Jacksonville FL)

BlueStar Retirement Services, INC. logo

Retirement Plan Consultant

Definiti
(Telecommute / Dallas TX / University Place WA / The Woodlands TX)

Definiti logo

Retirement Plan Consultant

Cetera Retirement Plan Specialists
(Telecommute)

Cetera Retirement Plan Specialists logo

Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company (LDSCO)
(Telecommute)

Loren D. Stark Company (LDSCO) logo

Retirement Plan Consultant

DWC - The 401(k) Experts
(Telecommute)

DWC - The 401(k) Experts logo

Director of Business Development

ERISA Pros, LLC
(Atlanta GA)

ERISA Pros, LLC logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon
Webcasts  >  Upcoming, by Date   |   Recorded
Conferences  >  Upcoming, by Date   |   Upcoming, by State
Combined  >  Upcoming, by Date   |   Recorded or Upcoming, by Sponsor

View More FIS Relius Education Webcasts and Conferences

Rehired Employees & Early Eligibility Provisions [2018]

FIS Relius Education

Aug. 21, 2018
Recorded Online
Webcast

According to IRS examinations, applying eligibility conditions correctly (entering too early, too late or not at all) continues to be a problem for many plans. The results are not surprising considering the fact that rules are counterintuitive. Furthermore, many plans now impose early eligibility conditions (i.e., less than one year) for which the regulations provide far less guidance.

Some of the more challenging eligibility questions that confront a retirement plan practitioner relate to rehired employees and such questions challenge even experienced administrators. When does a rehired employee re-enter/enter the plan? When and how do the break-in-service rules affect rehired employees? Does the one-year hold-out rule apply to a 401(k) plan? What vesting years of service must the plan credit for a rehired employee? Does it matter whether the participant received a cash-out distribution? If the rehired participant is receiving distributions, do you stop the distributions? A misapplication of the rules raises disqualification issues and the possibility of corrective contributions.

With some well-crafted examples, the speaker illustrates how to apply these rules and eliminate the confusion that seems to follow rehired, as well as the early eligibility provisions. Practitioners attending this web seminar can obtain the necessary understanding to apply the rules properly, avoiding hours of difficult research.

What You'll Learn:

  • When do rehired employees re-enter/enter the plan?
  • What is the proper way to apply early eligibility provisions?
  • What is the proper application of a “months” eligibility provision that does not include a service requirement?
  • When and how do the break-in-service rules apply?
  • Can you utilize the one-year hold-out rule in a 401(k) plan?
  • When can the plan treat the rehired employee as a new employee?
  • Distributions to rehired employees
  • Crediting vesting service for rehired employees
  • When does an employee complete a year of service?

After attending this seminar, attendees will be able to:

  • Determine when a rehired employee enters the plan
  • Apply the break-in-service rules correctly
  • Determine when the plan may treat a rehired employee as a new employee
  • Apply properly early eligibility provisions
  • Apply the repayment and restoration rules properly
  • Determine how to administer the eligibility rules where there is missing service data
  • Apply properly a "months" eligibility provision

Speaker: David Schultz, J.D.

More Information, How to Register

© 2020 BenefitsLink.com, Inc.