Tag Archives: par-time W-2 employee

How the three year par-time E-employee 500 Hours SECURE Act Rule (IRS Notice 2020-68) Impacts Solo 401k Plans

In 2020 and prior years, solo 401k plans could exclude par-time W-2 employees who worked less than 1,000 hours from participating in a 401k plan. This all changes for both full-time employer 401k plans and owner-only solo 401k plans starting on January 1, 2021. The SECURE Act Stemming from the Setting Every Community Up for […]

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