Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is an employer required to give participants a choice of remaining under the old formula rather than automatically switching them to the new formula?

automatically employer Formula participants remaining switching
0
Posted

Is an employer required to give participants a choice of remaining under the old formula rather than automatically switching them to the new formula?

0 CommentsAdd a Comment

1 Answer

0

Neither ERISA nor the IRC requires employers to give employees the choice of remaining in the old formula.

0 CommentsAdd a Comment
What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123