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Hours for Service for Benefit Accrual vs. Hours of Service for Vesting
BenefitsLink Message BoardsLink to more items from this source
Sept. 13, 2021

"Client wants to set up a plan that has 500 hours for a Year of Accrual Service (so they are eligible to receive a contribution) but 1,000 hours for a Year of Vesting Service. Cash Balance Plan. Entry is going to be 21 with 3 months of service. Is that permitted?"

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