Did you know becoming a participant and earning a contribution are two separate events? An employee could become a participant and not earn a contribution. Plan eligibility and contribution requirements are different aspects of your plan document.
Feb 23, 2022 2:06:00 PM
Did you know becoming a participant and earning a contribution are two separate events? An employee could become a participant and not earn a contribution. Plan eligibility and contribution requirements are different aspects of your plan document.
Topics: Plan Document
Dec 22, 2021 10:02:13 AM
Internal Revenue Code Section 401(a)(28) allows employees to diversify a portion of their stock once they meet certain eligibility requirements. There are specific age and service requirements outlined by the IRS to determine who is a Qualified Participant, however your plan may allow for rules that are less restrictive.
Topics: Diversification, Plan Document
Dec 16, 2019 10:33:58 AM
What is an SPD?
Topics: ERISA, DOL, Terminated Participants, Plan Document
