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Posted

I looked, couldn't find the answer.  

For a  business to be eligible to file an EZ can the business have employees but none of them are eligible due to the hour requirement?  Case in point,  summer camp where counselors all work less than 1,000 hours.  Only husband and wife owners work 1,000+ so only husband and wife are participants.

Thanks

Posted
17 hours ago, Basically said:

For a  business to be eligible to file an EZ can the business have employees but none of them are eligible due to the hour requirement?  Case in point,  summer camp where counselors all work less than 1,000 hours.  Only husband and wife owners work 1,000+ so only husband and wife are participants.

For now.  The long time/part time employee rules are fast-a-comin'...

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Posted

BG5150 reminds us of an important point many plans face about some part-time employees.

Basically’s originating post doesn’t mention whether the plan includes or omits a § 401(k) arrangement.

Section 401(k)(2)(D)’s condition about some part-time employees applies only if the plan has an arrangement the plan’s sponsor intends as a § 401(k) arrangement.

A plan with only nonelective contributions might exclude employees with fewer than 1,000 hours of service.

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

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