A Long-Term, Part-Time Employee or a Former Long-Term, Part-Time Employee, That Is the Question
McDermott Will & Emery Employee Benefits
JANUARY 30, 2024
Under the SECURE Act and SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. Under the new rules, long-term, part-time employees include those employees who complete at least 500 hours of service in three consecutive years (reduced to […] The post A Long-Term, Part-Time Employee or a Former Long-Term, Part-Time Employee, That Is the Question appeared first on EM
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