Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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More Guidance on 'Full-Time' Employees and 90-Day Waiting Period
Spencer Fane Sept. 9, 2012
"In response to numerous comments, the IRS has now extended to 12 months the maximum measurement period for newly hired employees. As a result, this 'initial measurement period' could now be as long as the 'standard measurement period' applicable to ongoing employees. Moreover, Notice 2012-58 would allow plan sponsors to apply this 12-month initial measurement period not only to variable hour employees, but also to seasonal employees. And through at least the end of 2014, sponsors would be allowed to use any reasonable, good-faith definition of a 'seasonal employee.'"
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