khn Posted April 17, 2015 Share Posted April 17, 2015 A plan has a discretionary match. They were at one point matching catch-up contributions, but decided to stop last year. A participant is complaining that they were not notified of the change. Does the employer need to inform participants of this change via an SMM, or is the fact that the SPD says the following enough? "Your Employer may make a discretionary matching contribution equal to a uniform percentage of your salary deferrals. Each year, your Employer will determine the amount of the discretionary percentage.' Link to comment Share on other sites More sharing options...
Mike Preston Posted April 18, 2015 Share Posted April 18, 2015 Was there an amendment? Link to comment Share on other sites More sharing options...
austin3515 Posted April 19, 2015 Share Posted April 19, 2015 The doc should specifically say whether or not catch-ups are matched. Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
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