Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc. |
Retirement, LLC |
Retirement Plan Legal Specialist Pentegra |
EPIC: TPA/DPS |
Farmer & Betts, Inc. |
Retirement, LLC |
EPIC Retirement Plan Services |
Nicholas Pension Consultants |
Administrator/Consultant (DC and DB) TPA Professionals |
Retirement Plan Administrator (TPA) Retirement Plan Consultants |
Retirement Plan Administrator – Senior Associate PBMares |
RTD Financial Advisors |
Retirement Plan Documents Specialist Loren D. Stark Company |
Kentucky Trust Company |
Pentegra |
Plumbers Local Union No. 1 Benefit Funds |
Employee Benefits and Executive Compensation Associate Attorney Verrill |
Employee Benefits & Executive Compensation Associate Attorney Polsinelli PC |
Retirement Plan Relationship Manager ERISA Services, Inc. |
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Short Plan Year BIS BenefitsLink Message Boards ![]() July 12, 2021 "I have an plan that switch from a 9/30 PYE in 2016 to a 12/31 PYE. This created a short plan year of 10/1/2016 to 12/31/2016. My system is counting Breaks In Service (BIS) wrong in my opinion. It is counting the short plan year as one year. So I have people who worked <500 in the 4th quarter who terminated in 2017 as showing as having 5 BIS. It is counting the short plan year as 1 than 2017, 2018, 2019 and 2020 as the next 4. I think the 2017 terms are forfeiting a year early. I am pretty sure that is wrong. What I don't know is what is the right answer. Do I have to figure out if the person worked 500 hours in the calendar year? Do I ignore the short year? Any help or guidance is appreciated. Thanks" |
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