If I transfer to a non-commonly controlled dealership, can I continue participating in the plan without satisfying another waiting period?
Although you can transfer your account balance and continue to tax-shelter your contributions and earnings, if your new employer has a waiting period for participation in the NADART plan, you will need to satisfy it before making additional contributions to the plan. Service with an unrelated employer does not count towards satisfying eligibility requirements or towards vesting of employer contributions.
Related Questions
- If I transfer to a non-commonly controlled dealership, can I continue participating in the plan without satisfying another waiting period?
- Can I transfer my health care coverage to another Emory plan during the annual election period for health care?
- Is there a waiting period before the plan member can use their benefit?