IRS Notice 2018-95 Provides Relief Regarding Part-Time Employee Exception to Universal Availability Requirement for Section 403(b) Plans | Practical Law
The Internal Revenue Service (IRS) issued Notice 2018-95 (Dec. 4, 2018), which provides relief regarding the part-time employee exception to the universal availability requirement for Internal Revenue Code Section 403(b) plans. Specifically, the Notice addresses the "once-in-always-in" (OIAI) condition for excluding part-time employees from making elective deferrals under a Section 403(b) plan.