Eligibility & Entry : RPG Consultants

Eligibility & Entry

What are my Plan's Eligibility and Entry provisions?

We recommend that you consult your Plan's Summary Plan Description for details on your Plan’s Eligibility and Entry provisions. In general, most Retirem...

Thu, 4 Jun, 2020 at 1:30 AM

I missed open enrollment. Do I need to wait a full eligibility cycle?

As soon as you meet your Plan’s initial eligibility requirements* (age and/or service) and pass the Plan Entry* date, you are technically seen as enrolled...

Thu, 25 Jun, 2020 at 1:45 PM

I was rehired. Do I need to wait a full eligibility cycle to rejoin the Plan?

In the absence of a break-in-service (a departure of 5 or more years), Plan provisions stipulate that former Employees who have already met the Plan's...

Thu, 25 Jun, 2020 at 1:48 PM

My hours were reduced to part-time. Am I still eligible for the Plan?

Once you satisfy the Plan's initial Eligibility (age and service, if any) and Plan Entry requirements, you remain eligible to participate in the Plan re...

Thu, 25 Jun, 2020 at 1:50 PM

Recent articles

Can I take money out of my retirement account at any time?

If you are currently employed by the Plan's Sponsor, your Plan provisions may allow for the following three withdrawal options (these are not available in all Plans, please review the Summary Plan Description for details on your Plan's withdrawa...
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Where can I get a distribution form?

Your Plan is enabled for online distribution requests where you may initiate your account distribution/rollover from your Participant Portal and avoid having to complete and sign paper or PDF forms and attach supporting documentation. Log on to your Partic...
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Long-Term, Part-Time (LTPT) Employees

In December 2019, Congress passed the SECURE Act which included a provision regarding Long-Term, Part-Time (LTPT) Employees and their eligibility for company-sponsored retirement plans. This legislation – aimed at boosting retirement savings for part-time...
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Legacy PDF Forms

For all participants who utilize the RPGFocus platform by accessing their account at RPGFocus Retirement Account Login for Plan Sponsors and Plan Participants (rpgconsultants.com): Your Plan is enabled for online withdrawal requests and it is recommend...
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IRS Notice CP216F

In some cases, as a precautionary measure, RPG will file a Form 5558 with the IRS to request an automatic 2.5-month extension of the Form 5500 filing deadline. This does not negatively impact your Company or Plan. This notice just confirms that the extensi...
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Top-Heavy Testing

Although sometimes confused with ADP/ACP discrimination testing (a utilization test), Top-Heavy is an asset-based test that compares the account balances of key employees to those of non-key employees. If the sum of all key employee balances exceeds 60% of...
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Do you have a mobile app?

Although the RPGFocus platform does not have a dedicated app available for Apple or Android, our website is 100% responsive. It scales perfectly to any mobile device, including tablets and cell phones - with full functionality. Please visit our RPG log...
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Qualified Automatic Contribution Arrangement (QACA) Requirements

A Qualified Automatic Contribution Arrangement (QACA) combines automatic enrollment provisions with the IRS’ Safe Harbor provisions. Thus, QACA plans increase participation among employees while also making the plan exempt from certain nondiscrimination te...
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What is the distribution timeline for a Plan with an Annual Valuation?

Unlike a Plan with daily recordkeeping, annual valuation plans calculate each participant’s share of the total account balance only once a year. Distribution requests received by 12/31 of a specific year can only be processed after that year’s work is comp...
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Do I need to take a Required Minimum Distribution (RMD) this year?

You are eligible to receive an RMD if you are 73 years of age or older by year-end and you are either a) no longer employed by the organization sponsoring your Plan, or b) are a five or more percent owner of the organization or are related to a five or mor...
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