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 vice president of plan administration at Blue Ridge Associates, where she brings over 30 years of experience in plan design, administration, and consulting services for ESOPs, KSOPs, and 401(k) plans. Dolores holds the Qualified 401(k) Administrator (QKA) designation from the American Society of Pension Professionals and Actuaries (ASPPA). Her expertise spans the full range of retirement plan administration, from compliance to operational issues, with a particular focus on ESOP and KSOP plans.
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