"If a plan uses automatic enrollment, are employees that become eligible under the LTPT rules required to be automatically enrolled? Another question....has there been any change in the LTPT vesting rules with respect to a former-LTPT who becomes a 'regular participant' and the number of hours that they must meet to earn a year of vesting? Is the hours required still 500 even if the former-LTPT has met the plan's normal eligibility requirements? Thanks very much."

"IRS Notice 2023-62"

"If an employer using a 5305 model SEP hasn't contributed for the last three years, and hasn't contributed anything this year, can the employer establish a 401(k) for this year? IRS instruction doesn't truly address this."