Coming to a Retirement Plan Near You in 2024—Long-Term, Part-Time Employees

Coming to a Retirement Plan Near You in 2024—Long-Term, Part-Time Employees


Beginning January 1, 2024, employers will be required to allow Long-term, part-time (LTPT) employees to make deferral contributions to qualified retirement plans that contain cash or deferred arrangements. Deferrals for LTPT employees are a departure from prior eligibility conditions rules that allowed plans to require participants to reach age twenty-one

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