Sign in to follow this  
Guest meggie

Retroactive Amendment-401k plan

Recommended Posts

Guest meggie   
Guest meggie

If a plan sponsor should decide to amend the plan to allow a person into the plan that was erroneously included earlier than he should have (i.e. should have waited 6months but entered immediatelyin 2001), can the retroactive amendment be worded ---"immediate entry effective 1/1/2001, and 6 months wait effective 1/1/02", with an adoption date of 2003? In other words, retain the current eligibility requirements but adjust for only one year when the error occurred.

Thanks.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this