The SECURE Act made several notable changes to 401(k) plan eligibility. Currently, employers can require part-time employees to work three years or three consecutive 12-month periods of at least 500 hours of service each before the workers become eligible to contribute. But beginning Jan. 1, 2025, only two years of service will be required. To help ensure you’ll give all eligible employees an opportunity to contribute, review your records to identify long-term, part-time workers age 21 or older. Don’t forget to recognize “seasonal” employees who otherwise will meet the criteria. You may need to make enrollment adjustments this year. Contact the Cg Team with questions. © 2024