18. Provisions for entry into participation

Statement of Requirement: Code § 410(a)(4); Reg. § 1.410(a)-4(b)

Sample Plan Language:

The employee will participate on the earlier of: (1) the first day of the plan year beginning after the date on which the employee has met the minimum age and service requirements or (2) six months after the date such requirements are met. the requirement is met.

168 | D e f i n e d C o n t r i b u t i o n P l a n L R M P a c k a g e 0 1 / 2 0 2 4

(Note to reviewer: If the plan provides for a single annual entry date, the maximum age and service requirements must be reduced by ½ year unless the employee participates on the entry date nearest the date the employee completes the minimum age and service requirements, and the entry date is the first day of the plan year.)

(Note to reviewer: If the plan has a CODA feature, see LRM #1 and CODA LRM II for provisions regarding eligibility standards applicable to long-term part-time employees.)