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 …

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 …

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 …

Feb 13, 2012 · Once eligible always eligible "rule" By Guest JMH1962 February 13, 2012 in 401(k) Plans. Recommended Posts

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 …

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 time …

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 …

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 …

Administrators of DB plans only have to furnish Statements once every three years, so the first Statement generally would be due for the 2009 plan year. However, if the plan wants to send …

Aug 25, 2022 · This is most likely not true from a tax perspective. There is a tax doctrine known as the 'Constructive Receipt" doctrine. It says once a person has constructive receipt or control of …