Retirement Plans Newsletter
BULLETINDecember 4, 2018
15 pages. "This notice provides transition relief from the 'once-in-always-in' (OIAI) condition for excluding part-time employees under Section 1.403(b)-5(b)(4)(iii)(B)
of the Treasury Regulations. Under the OIAI exclusion condition, for a Section 403(b)
plan that excludes part-time employees from making elective deferrals, once an employee is eligible to make elective deferrals, the employee may not be excluded from making elective deferrals in any later exclusion year ... on the basis that the employee is a part-time employee. In addition, in applying the OIAI
exclusion condition for exclusion years after the transition relief ends, this notice provides a fresh-start opportunity for plans."
Internal Revenue Service [IRS]
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite HWinter Park, Florida 32789
(407) 644-4146
Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
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