If you missed the live broadcast of the ASPPA Webcast, “Update on Long-Term Part-Time Employees - Insights from the Proposed Regulations,” it is still available! You can access it on demand through Dec. 1, 2024. 
On Nov. 24, 2023, the Department of Treasury and IRS released a proposed regulation (Prop. Reg.) providing much-anticipated long-term part-time employee (LTPTE) guidance. The Prop. Reg. outlines special rules for individuals participating as LTPTEs, which affect coverage tests, nondiscrimination tests, top-heavy contributions, and vesting computations. These rules become effective for most 401(k) plans on Jan. 1, 2024, and may have a significant impact on design decisions and plan administration for many plan sponsors.
In the webcast, Kelsey Mayo, JD, Director of Regulatory Affairs for the American Retirement Association and a Partner at Poyner Spruill, LLP, reviews the rules applicable to long-term part-time employees and highlights insights on the recent proposed regulations. The webcast illustrates the rules through a number of case studies, and discusses practical administrative issues the new rules raise.
Learning Objectives
The learning objectives for the webcast include the following:
1. Define a long-term part-time employee (LTPTE).
2. Calculate when employees may be eligible to enter as LTPTEs for differing plans.
3. Understand the vesting rules that apply if anyone enters the plan as an LTPTE.
4. Identify administrative issues and practical options to avoid errors.
Continuing Education
The following continuing education credits are available: 1 ASPPA, 1 NAPA Relevant, 1 NTSA, 1 ERPA, and 1 JBEA Non-core.
To receive continuing education credit for viewing the on-demand webcast, viewers must pass a brief quiz following the recorded session.
Registration
Registration for on-demand webcasts includes unlimited viewing of the webcast recording, webcast outline, and any additional presentation materials for 180 days following the registration date. Recordings are available one week after the live webcast takes place.
To register for this on-demand webcast, click here.
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