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According to recent IRS examinations, applying eligibility conditions correctly (entering too early, too late or not at all) continues to be a problem for many plans. The results are not surprising considering the fact that rules are counterintuitive. Furthermore, many plans now impose early eligibility conditions (i.e., less than one year) for which the regulations provide far less guidance.
Some of the more challenging eligibility questions that confront a retirement plan practitioner are questions relating to rehired and part-time employees. When does a rehired employee re-enter/enter the plan? Can a plan exclude part-time employees? How may the plan define part-time employees? When and how do the break-in-service rules affect rehired and part-time employees? Does the one-year hold out rule apply to a 401(k) plan? What vesting years of service must the plan credit for a rehired employee? Does it matter whether the participant received a cash-out distribution? If the rehired participant is receiving distributions, do you stop the distributions? Surprisingly, these questions and more arise often. A misapplication of the rules raises disqualification issues and the possibility of corrective contributions.
With some well-crafted examples, the speaker illustrates how to apply these rules and eliminate the confusion that seems to follow rehired and part-time employees, as well as the early eligibility provisions. Practitioners attending this webcast will obtain the necessary understanding to apply the rules properly, avoiding hours of difficult research.
Join Derrin Watson in this 100-minute Web seminar as he helps you gain a better understanding of all the ins and outs of rehired employees.
Topics Include:
There are no prerequisites or advance preparation for this program.
Level: Overview
Instructional Delivery MethodSpeaker: S. Derrin Watson, J.D.
Recipient of ASPPA's 2006 Educator of the Year Award
Objectives: After attending the program, you should be able to:
How to participate
You will need a phone (speakerphone, for multiple participants sharing the Primary registrant’s authorized connection) and Internet Access. The graphics presentation and illustrations will be viewed via the Primary registrant’s Web connection, while the speaker audio portion will be via the Primary registrant’s telephone. Important Note: The user registrant must be logged in via the internet for CE purposes.
Select the ""Fees"" link on the right side menu of this page for more information about who is authorized to connect to the program, and for the cancellation/transfer policy.
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