truphao Posted April 17 Posted April 17 Employee enters the CB Plan on 1/1/2021. Plan requires 1,000 hours to earn a Pay Credit. Works 1,100 hours in 2021, 1,100 hours in 2022, 900 hours in 2023 and 900 hours in 2024. 12/31/2024 accrued benefit is $100/month, his average comp is $60,000. I think he would pass the 401(a)(26) on accrued-to-date method. The system (Datair) calculates his accrual rate correctly but marks him as "non-benefiting". What am I missing here?
Lou S. Posted April 17 Posted April 17 I agree, seems like it should just pass on accrued to date, at least for 401(a)(26). Have you asked Datair why they don't think they are benefiting for 401(a)(26)?
truphao Posted April 17 Author Posted April 17 7 minutes ago, Lou S. said: I agree, seems like it should just pass on accrued to date, at least for 401(a)(26). Have you asked Datair why they don't think they are benefiting for 401(a)(26)? I did and am waiting for a response......Will post an aswer once I receive it.
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