Presented by Craig Hoffman
The SECURE Act has given us new rules requiring 401(k) plans to cover long-term part-time (LTPT) employees. These changes take effect in 2021 (although the plan need not recognize service before 2021 for eligibility purposes). The IRS has provided some initial guidance in the form of IRS Notice 2020-68 and more is expected. This session will review these new rules Including:
• Eligibility requirements;
• How service must be credited for eligibility and vesting purposes;
• Nondiscrimination testing; and
• Effective date issues.
For more info on future & past events, visit our website www.nova401k.com/webinars
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Long Term Part Time Employees – Are You Ready?
Теги
401(k) Plan TPACash Balance Plans401(k) Plan AdministrationNova 401kNova 401(k) AssociatesNova AssociatesTPAThird Party AdministratorNova IRA401(k) PlanIRA401(k)ADP TestingACP TestingForm 5500Form 5330Top Heavy Testing401(k) Compliance403(b)401(k) Corrections8955-SSARetirement Administrator401(k) TPARetirement TPASummary Plan DescriptionSummary of Material ModificationsQDIAQualified Default Investment Alternative
