Under the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), plan sponsors with 401(k) plans are required to allow their “long-term part-time employees” to make elective ...
The Setting Every Community Up for Retirement Enhancement Act (SECURE 1.0) requires plans to permit employees who work at least 500 hours but less than 1,000 hours in three consecutive 12-month ...
Federal employees considering a shift to part-time hours have several factors to consider when it comes to their retirement ...
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The SECURE 2.0 Act of 2022 has added another set of administrative changes to plans, ushering in significant changes to the eligibility criteria for long-term, part-time employees to participate in ...
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Are Part-Time Employees Eligible for 401(k)s?
For years, many part-time workers were excluded from 401(k) participation, leaving them with fewer ways to save through an employer. As flexible schedules and gig work have become more common, this ...
Involuntary part-time employment—the share of people who work less than 35 hours per week but want and are available to work full-time—has increased since 2023. While this contrasts with steady ...
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