Once-eligible, always-eligible rule and rehires / reclassifications of ...
Dec 11, 2023 · Employee ends up being re-hired later in the same Plan Year, but in an ineligible position (fewer than 20hrs/week). Does the employee get to participate immediately under the …
can one become ineligible once eligible in 403(b)?
Sep 15, 2018 · See "Once In, Always In - Q2" (about 36 minutes in, and be selected directly from indexing list) Once eligible to defer, the future actual hours worked are never taken into …
Once eligible always eligible "rule" - 401(k) Plans - BenefitsLink ...
Feb 13, 2012 · Once eligible always eligible "rule" By Guest JMH1962 February 13, 2012 in 401(k) Plans. Share https ...
Payback Loan After Default - after 1099R issued
May 27, 2020 · Now that you have clarified, it looks like your best bet is to go back to whoever issued the 1099R with 1L as the code and try to convince them it should have been 1M due to …
Placing a hold on participant's account
Jul 1, 2011 · The legislative history for the bill that created QDROs states that the plan administrator can freeze the account for a reasonable amount of time once the PA receives …
Form 5500EZ, assets dip below $250,000 - BenefitsLink Message …
Jul 20, 2022 · Makes me nervous to not file. Do people skip a year if the plan's assets don't exceed $250,000? Or is it recommended/you recommend to the client to keep filing? OR by …
Excluded Class Employee works 1000 hours - What next?
Sep 13, 2023 · Once you determined they have the 1,000 hours in the 12 months what is the plan's entry dates? If it is the 1/1, 7/1 following the person doesn't enter the plan until 1/1/2023 …
Annual Service Requirement for Mandatory Employee Contributions?
Oct 31, 2024 · Does the “once in, always in” concept applicable to eligibility for elective deferrals also apply to eligibility for employer contributions, and if so, what is the legal authority requiring …
Can A Profit Sharing Plan Continue Once The Employer Retires?
Oct 29, 2009 · I would very much appreciate if someone knowledgeable about qualified retirement plans could please comment whether an owner-employee Profit Sharing Plan (PSP) with 4 …
Full Time to Part Time - 401(k) Plans - BenefitsLink Message Boards
May 25, 2018 · The first paragraph in WIFBR's follow-up is not dealing with allocation conditions; it is the fail-safe mechanism for ensuring that the service-based excluded class ends at the …