Participant Plan Other Information - Dates tab

Hire

This field reflects the participant's date of hire. Entered this date on the Setup>Participants>Employment Dates window.

Required

Alt Vest

Enter an alternative vesting date. If a date is entered here, TSM SmartClient will use this date for all vesting calculations and not the hire date.

Optional

Re-Hire

This field reflects a participant's re-hire date, if applicable. Enter this date in the Setup>Participants>Employment Dates option. If the 'Use Break in Service Rules' check box is selected on the Setup>Plans>Plan - Vesting tab, TSM SmartClient will calculate vesting and eligibility based on the Participant Employment Dates window and the Break in Service Rules entered. If no break in service rules are established, TSM SmartClient will use the Date of Hire for vesting and eligibility calculations.

Information Only

Termination

This field reflects the participant's date of termination. Vesting stops accruing at this point. TSM SmartClient automatically enters a date when a termination distribution is processed; otherwise, enter the date on the Setup>Participants>Employment Dates window.

Information Only

Termination Type

Displays the type of distribution transaction processed, either Rollover or Termination (for cash distributions). TSM SmartClient automatically enters a termination type when a termination distribution is processed.

Information Only

Payout

Displays the date when a termination distribution is processed. This field will be populated automatically when a termination distribution is processed. You can overwrite this date.

Optional

Enrollment

Enter the date the participant is eligible to begin participating in the Plan.

Optional

Active Enrollment

Enter the date on which the participant actually entered the Plan. This date may differ from from the date the participant was eligible to enroll.

Optional

Deferral

Enter a participant's deferred distribution date until otherwise notified by the participant.

Optional

Forfeit

If forfeitures are removed from a participant's account at the time of distribution, this field will be populated with the date the distribution is processed. If forfeiture balances are to remain in the participant's account, no date will appear in this field at the time the distribution is processed. However, should the user manually generate a FORF transaction at a later date, the field will be populated with the date the forfeited funds actually leave the participant's account.

Optional

Normal Retirement

Displays the normal retirement date for the participant.  This date is determined by the Normal Retirement Age specified on the Setup>Plans>Plan - Vesting tab and the Birth date specified on the Setup>Participants>General Info Details – Dates tab.

Information Only

Early Retirement

Displays the early retirement date for the participant.  This date is determined by the Early Retirement Age specified on the Setup>Plans>Plan - Vesting tab and the Birth date specified on the Setup>Participants>General Info Details – Dates tab.

Information Only

Leave of Absence

Enter the date the participant began his/her leave of absence.

Optional

Union Employment

Enter the date the participant became employed by the union.

Optional

Part Time

Enter the date a participant became a part time employee.

Optional

Inactive

Enter the date the participant became inactive.

Optional

Pre-Tax Suspension Period End Date

Enter the date that pre-tax contributions will be suspended. If the Plan is "safe harbor" and requires a 12 month suspension, TSM SmartClient will not allow any pre-tax contributions to post until this date elapses. TSM SmartClient will automatically populate this date based on the parameters established under Setup>Plans>Suspension Types window. You can overwrite this date.

For example, if a participant takes a Withdrawal on January 15th, which requires a 6 month suspension, this field should be populated with a July 15th date.

Optional

After-Tax Suspension Period End Date

Enter the date that after-tax contributions will be suspended. TSM SmartClient will not allow any after-tax contributions to post until this date elapses. TSM SmartClient will automatically populate this date based on the parameters established under Setup > Plans > Suspension Types window. You can overwrite this date.

For example, if a participant takes a Withdrawal on January 15th, which requires a 6 month suspension, this field should be populated with a July 15th date.

Optional