mming Posted July 15 Posted July 15 A PSP that was set up many years ago is now being amended into a 401(k) plan. Once this occurs, does it have to include LTPT employees or is it excluded from this requirement by virtue of the fact that the plan has existed for a long time?
Bri Posted July 15 Posted July 15 LTPT doesn't have the same grandfathering rule as the auto-enrollment. Lou S. 1
Lou S. Posted July 15 Posted July 15 401(k) Plans, existing, new or converted have to comply with the LTPT rules.
mming Posted July 15 Author Posted July 15 Yup, I got it confused with the autoenrollment rules - thank you both.
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