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March 27, 2025
Who Qualifies as a Retirement Plan Participant? What Employers Need to Know
Did you know that employees can be a retirement plan participant without making any contributions? So, who is able participate in a retirement plan?
- A plan participant is anyone who falls into any of the following categories:
- An employee who has met service requirements (with or without a balance)
- A terminated employee who has a balance in the plan
- The beneficiary of a deceased employee who still has an account in the plan
Want to know more about plan participants? Visit https://www.benefitequity.com/services/retirement-plan-participants or call (714) 480-1346.
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