BenefitsLink Message Boards > Reducing Automatic R/O from $5k to $1k => later deciding to move it back up to $5k

Full Version: Reducing Automatic R/O from $5k to $1k => later deciding to move it back up to $5k

BenefitsLink Message Boards > Retirement Plans > Distributions and Loans, Other than QDROs

rslagle224

Mar 3 2005, 03:07 PM

We are considering reducing our Automatic Rollover Benefits limit from $5000 down to $1000 per the new regulations. If we later decide to amend the plan back because it makes more sense for some of our plans to utilize the $5000 benefits limit and applicable IRPs for automatic cashouts, would it be a 411(d)(6) violation. Provided all parties are made aware of the limits (SMM) and all notices to terminated employees are adjusted to reflect the limits accordingly.

stevena

Mar 5 2005, 09:52 AM

It's fine to amend back.

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.