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401K - Pension Protection Act - Automatic Contribution Arrangement
Benefits & Compensation
401K - Pension Protection Act - Automatic Contribution Arrangement
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Is it possible to enact an Automatic Contribution Arrangement for your company 401k that will only apply newly eligible participants?
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Forums  »  Topic Forums  »  Benefits & Compensation  »  401K - Pension Protection Act - Automatic Contribution Arrangement

401K - Pension Protection Act - Automatic Contribution Arrangement

posted at 11/20/2009 10:50 AM EST
Posts: 16
First: 7/26/2007
Last: 9/14/2011
Is it possible to enact an Automatic Contribution Arrangement for your company 401k that will only apply newly eligible participants?
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401K - Pension Protection Act - Automatic Contribution Arrangement

posted at 11/20/2009 6:17 PM EST
Posts: 2442
First: 2/12/2000
Last: 9/14/2011
Yes you can make it effect on a prospective basis only, in fact I believe it is illegal under ERISA to make it mandatory for existing staff since you are changing the employment arrangement after they have been hired for quite a while.
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Forums » Topic Forums » Benefits & Compensation » 401K - Pension Protection Act - Automatic Contribution Arrangement

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