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https://www.asppa.org/sites/asppa.org/files/PDFs/Education/Webcasts/180215%20Grossman.pdf
•Note: BIS under hours counting is a 12-month period with less than 501 hours of service • Remember: whenever the service requirement is more than one year, employees enter the plan 100 percent vested Hours of Service Two Years of Service
http://media01.commpartners.com/NIPA/2017/Session10/2S_401(k)%20Testing%20101.pdf
• Credited with less than 501 hours of service • Doesn’t receive allocation due to failure to satisfy the plan’s minimum service and/or last day allocation requirements • Special 401(k)/401(m) rules • 401(k) –terminated employee exclusion doesn’t apply • Example: Ivy is a participant who terminates with 450 hours of
http://media01.commpartners.com/NIPA/2014/session5/Martin_410BDisaggregationTipsAndPitfalls%202per%20page.pdf
Term < 501 hours 0 20 Term ≥ 501 hours 0 0 25 (≥ age 21/YOS) 15 (6-11 mo srvc)
https://benefitslink.com/boards/index.php?/topic/5643-which-employees-are-nonexcludable-for-401a4-testing/
In addition, one minor detail to excluding terminated employees with less than 501 hours is that they must be eligible to participate in the plan. (If you have an excluded class of employees who have otherwise met the plan's eligibility requirements, they are not excludable when they terminate employment--regardless of the number of hours completed.)
https://benefitslink.com/boards/index.php?/topic/3956-410b-test-for/
Posted December 16, 1998. our standardized prototype uses a the safe harbor requirement of 501 hours to receive a contribution for ALL employees rather than the employed on last day (regardless of hours) requirement. My question is, in a non-standardized plan, with a last day rule and 1000 hour requirement, can we consider those employees who worked <501 …
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