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 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 …
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 …
Once eligible always eligible "rule" - 401(k) Plans - BenefitsLink ...
Feb 13, 2012 · Thanks. While an informed plan-sponsor fiduciary recognizes it never gets out of fiduciary responsibility, some consider it an advantage to replace frequent activities (including …
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 …
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 …
Changing from eligible to excluded class - 401(k) Plans
Apr 19, 2019 · Once you solve if these people are in an excluded class or not it solves all your questions. It might add the problem the plan struggles to pass coverage but that is a future …
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 …
DFVCP After 5500 Filed - Form 5500 - BenefitsLink Message Boards
Oct 17, 2024 · It is clear that once the DOL notifies the plan of intent to assess that DFVCP is no longer possible but the fact sheets do not say having filed the Form 5500 disqualifies the plan. …
Mistake in fact or operational error - 401(k) Plans - BenefitsLink ...
Sep 7, 2007 · However internally the plan sponsor kept making deposits to the participants account over several payroll periods resulting in 22,000 in deferrals deposited. Recordkeeper …