S.D. Admin. R. 62:03:02:03
Current through Register Vol. 51, page 67, December 16, 2024
An eligible employee may become a participant by signing a participation agreement. Participation becomes effective on the first day of the month following the date on which the participation agreement is signed. If a new employee signs and files a participation agreement on the employee's date of hire, that agreement may become effective immediately. The plan may not accept any deferrals unless a signed participation agreement is on file in the office of the administrator or the third-party administrator.
S.D. Admin. R. 62:03:02:03
General Authority: SDCL 3-13-54.
Law Implemented: SDCL 3-13-49.