ChopperPilot
Apr 8 2003, 08:56 PM
Does a calander year Top-Heavy PS plan with a 1 year service requirement need to provide a TH minimum benefit to an EE hired in April 2002? This EE worked over 1,000 hours in 2002 and is still employed today. Thanx.
Mike Preston
Apr 8 2003, 09:11 PM
No. That individual is not a participant in the plan as of 12/31/2002.
Lynn Campbell
Apr 8 2003, 10:18 PM
If the Plan has an unusual definition of Entry Date (Dec. 31 nearest?) it might be possible for this person to be in the Plan as of 12/31/2002?
Mike Preston
Apr 9 2003, 05:04 AM
It is all in the wording, I suppose. I would call that a "1000 hour service requirement in a 12 month period with entry following completion of hours requirement", rather than a "1 year service requirement". But that is just me. ;-)
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