Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|In Rehire Mode? Keep March 31, 2021 in Mind for Your 401(k) Plan|
E is for ERISA
Feb. 1, 2021
"March 31, 2021 ... is the date set under ... the Consolidated Appropriations Act, 2021 as the snapshot date on which a partial plan termination may be avoided through rehires that restore earlier plan participation levels. Specifically, a plan will not be treated as having experienced a partial plan termination if on March 31, 2021, the number of active plan participants is at least 80 percent of the number covered by the plan on March 13, 2020[.]"
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