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DC + CB Combo -- Effect of Short Plan Year on Gateway Percentage
BenefitsLink Message BoardsLink to more items from this source
Mar. 25, 2021

"The client wanted to move to a calendar year and thus created a short plan year 10/1/2020 - 12/31/2020. The CB document indicates 1,000 hours required for an accrual so it appears there is no CB accrual during the short plan year. In this case, I'm assuming we still use the combined plan gateway rules, but there is no CB accrual when generating the required gateway percentage. Correct?"

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