Rehires – NESA

If we rehire employees, are they eligible immediately for the plan, or do they have to meet the eligibility conditions again?

Background We are a large 401(k) plan sponsor with over 1,000 participants in our plan. With the size of our…

Tips for Plan Sponsors: Spring Clean Your 401(k) or 403(b)
May 2, 2024
Spring is in full swing, and while you’re busy dusting off shelves and decluttering closets, don’t forget about giving your …Read More »
Ensuring Alignment: Bridging the Gap Between SPDs and Employee Handbooks in Retirement Plans
February 22, 2024
Key Takeaways Discrepancies between the SPD and the employee handbook often stem from updates, different departmental management, and lack of …Read More »
Uncovering Hidden Opportunities: The 401(k) Startup Tax Credit for Small Businesses
February 10, 2024
Key Takeaways Survey reveals significant lack of awareness among small business owners regarding 401(k) startup tax credit and other incentives …Read More »
SECURE Act 2.0: Catch-Up Contributions for High-Earning Employees
August 10, 2023
UPDATE: On August 25, 2023, the Internal Revenue Service (IRS) released guidance that addressed Section 603 of the SECURE 2.0 …Read More »
Dealing with Former Employees with Accounts Under 401(k) or 403(b) Plans
May 31, 2023
Key Takeaways Employers must provide certain notices and disclosures to not only existing participants, but also to terminated participants with …Read More »