LTPT eligibility

My plan is having 21 Age, 1 YOS and quarterly entry. PYE - 12/31/20224.

One employee hired on 2020 and not completed 1000 hours on anniversary period and from 2021 to 2023, not having 1000 hours in any of the plan year, but having more than 500 hours in each plan year. He is not a part time employee. 

Whether we can make him as eligible employee based on LTPT rule?

This is a little difficult to answer without specific dates of hire, DOB, and plan provisions as to eligibility computation periods - stay with anniversary years from DOH, or flip back to plan year for second eligibility computation period? Also, if the person never worked 1,000 hours in a year, how the heck are they not considered part time?

But in general, at a guess that there was 500-999 hours in each of 2021, 2022, and 2023, and that employee was at least 21 in or before 2023, then the employee should have already become eligible as a LTPT as of 1/1/2024. Also, all that is REQUIRED for a LTPT is eligibility for DEFERRALS.

There are a lot of intricate details to the LTPT rules (far too many!) - you should get yourself a good TPA to assist you with your plan administration. Good luck.

Thanks for your detailed explanation!!!

Is the employee is eligible to receive Employer contribution (SH, Match or PS). If possible, explain how to proceed, what are the documents required, what are the IRS provisions to meet, etc.

16 minutes ago, Belgarath said:

you should get yourself a good TPA to assist you with your plan administration.

While members on this board are generous with their time and expertise, it really is primarily a board for professional discourse. What you are asking for is what we charge for. I would reiterate that you need some professional assistance. Good luck.

4 minutes ago, Belgarath said:

While members on this board are generous with their time and expertise, it really is primarily a board for professional discourse. What you are asking for is what we charge for. I would reiterate that you need some professional assistance. Good luck.

Thank you so much for your response and the information. I understand, and I appreciate your time