Faulk & Winkler

Part-time workers are reshaping the retirement plan landscape, and SECURE 2.0 made it official.

Starting with plan years after December 31, 2024, employees who work at least 500 hours in each of two consecutive years must be allowed to participate in your 401(k) or ERISA 403(b) plan. For businesses with a significant part-time workforce, this change could meaningfully expand plan participation and bring new administrative responsibilities along with it.

F&W and Sentinel work together to help businesses stay ahead of exactly these kinds of changes, from reviewing plan eligibility and updating census data to coordinating the accounting and tax implications.

Reach out to our team to make sure your plan and your books are aligned.