SMP FAQ - Is the employer match retroactive?

June 28, 2016 - 10:01
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Question: 

Is the employer match retroactive?

Category: 
Contributions/Funds Information
Answer: 

No, the employer match is not retroactive. When the initial SMP balance transfer is sent, all prior employer match money is forfeited. The balance transfer consists only of employee contributions. Employer matching funds begin with the first full payroll following the receipt of your SMP plan election.

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