metsfan026 Posted May 31, 2024 Posted May 31, 2024 For a Cash Balance Plan, which doesn't have the last day requirement, I know it's irrelevant. If someone went out on leave (whether it's maternity or not) and had already worked over 1,000 hours they are eligible for a contribution. How about a Profit Sharing Plan? We have a plan that has multiple people on Maternity Leave and someone else on Medical Leave. They are all getting paid disability, if it matters. Are they eligible for a contribution for the year?
C. B. Zeller Posted June 3, 2024 Posted June 3, 2024 RTFD Lou S. 1 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
RatherBeGolfing Posted June 3, 2024 Posted June 3, 2024 27 minutes ago, C. B. Zeller said: RTFD Thats Read The F...abulous Document Lou S., Peter Gulia and C. B. Zeller 1 2
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