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Long-Term Part-Time Employee 401(k) Elective Deferrals
Kushner & Company Link to more items from this source
[Guidance Overview]
Sept. 23, 2020

"[Notice 2020-68] clarifies that all years of service, even years before 2021, must be considered for determining a long-term part-time employee's vesting in any employer contributions allocated to that participant's account.... Many employers were counting on only having to track part-time employee service on a going-forward basis after Jan. 1, 2021. However, this vesting service requirement likely adds a significant administrative burden on employers."

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