Compass
|
Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
The SECURE Act's Eligibility Rules for Long Term, Part-Time Employees: The Good, the Bad, and the Questions
Belfint Lyons Shuman [Guidance Overview] May 13, 2020 "[C]ounting Eligible Long-Term, Part-Time employees as participants, even if they don't have an account balance in the plan, could cause the plan to become a large plan that requires a financial statement audit.... Can long-term, part-time employees be excluded if they are part of an excluded employee class? ... Can plans with immediate eligibility now exclude from the ADP test long-term, part-time employees who had been participating? ... Once in the test, always in the test?" |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |