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- can one become ineligible once eligible in 403(b)?
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 account again for deferrals, but can be excluded from employer contributions It also doesn't seem to trigger all less than 20 hour employees to become eligible
- Once eligible always eligible rule - 401(k) Plans - BenefitsLink . . .
Once eligible always eligible "rule" By Guest JMH1962 February 13, 2012 in 401(k) Plans Share https
- Payback Loan After Default - after 1099R issued
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 the fact that he was terminated It should be a simple matter to issue an amended 1099-R once you convince them the existing 1099R is wrong
- Placing a hold on participants account
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 notice of a forthcoming QDRO It's in H R Rep No 99-841 at pg 4945 (conference report from 1986) and the Joint Committee on Taxation's Explantion of Technical Corrections to
- Excluded Class Employee works 1000 hours - What next?
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 and wouldn't get a 2022 contribution
- Annual Service Requirement for Mandatory Employee Contributions?
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 such treatment? By way of background, we have a client that is a school (the “School”) that sponsors a 403(b) plan (the “Plan”)
- Full Time to Part Time - 401(k) Plans - BenefitsLink Message Boards
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 prescribed by IRC 410(a), i e , an employee forever ceases to be able to be a part-time employee (for purposes of the excluded class) once one year of service (for
- Participant and Ex-Spouse Remarry After QDRO - What to do??
A subsequent order cannot change the distribution because an order is not a QDRO if it provides for a type or form of benefit or any option not otherwise available under the plan I have not seen any plans that allow modification of an annuity once the payments have begun, except suspension upon rehire
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