Can a plan the allows a participant to enter the plan after 3 or 6 months also have an hours requirement or am I correct in thinking that an hour requirement is on a 1 year (1,000 hours) provision?
Tom Poje
Jun 22 2005, 03:26 PM
a plan can have an hours provision, provided that such ees would be guaranteed of entering the plan if they worked 1000 hours in a 12 month period. the example I have seen goes something like 1. worked 300 hours in a 3 month period or 2. 1000 hours in a 12 month period.
of course at that point you are going individually designed if my memory serves me correctly.
WDIK
Jun 22 2005, 03:32 PM
QUOTE (Tom Poje @ Jun 22 2005, 02:26 PM)
of course at that point you are going individually designed if my memory serves me correctly.
I believe that the Accudraft prototype allows for such an hours requirement.
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