This session will review the various rules relating to Rehired employees. The discussion will provide sample plan document language, assist with interpretation of when a former employee re-enters the plan, the effect on vesting as well as reinstatement of forfeited amounts.
Learning Objectives
1. Learn the importance of providing complete rehire data to your TPA.
2. Gain a general understanding of the basic rehire rules.
3. Identify the steps needed for the reinstatement of a rehired employee's balance.
Scott is a Director of ESOP Administrator with Blue Ridge ESOP Associates. He has been working with retirement plans for 20 years, 15 of those with ESOPs. His experience lies not only in the technical aspects of administration, but as a guide for new ESOP companies, an educational specialist for employees, and a presenter of various topics both nationally and regionally. Scott works with employee-owned companies across the nation, but is located in Atlanta, GA.
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Dolores Lawrence is a Senior Managing Director of Plan Administration at Blue Ridge ESOP Associates. She is a CPA, holds the QKA designation from the American Society of Pension Professionals and Actuaries (ASPPA) and has over 25 years of experience in plan design, administration and consulting services for ESOPs and 401(k) plans. She is a member of NCEO, The ESOP Association and ASPPA, and is a speaker at various ESOP conferences. She is also a past chair for The ESOP Association's Advisory Committee on Administration.
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