Description
This session will focus on the general participation and eligibility rules including
- Measuring Years of Service
- Using elapsed time and how it’s different from counting actual hours
- Maximum eligibility rules
- Permitted safe harbor exclusions
- Exclusions that affect coverage rules
- Leased employees
- Applying the break in service rules
- Duel Eligibility features (impact on Top Heavy plans)
This session is a beginner session and for those who have a working knowledge and want a refresher.
Learning Objectives:
- Identify various provisions for eligibility and participation for retirement plans
- Recall eligibility requirements for a plan to qualify for favorable tax status
- Identify common errors for newly eligible employees, and the exclusion of eligible employees or inclusion of ineligible employees
Speaker(s):
