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Retroactive Amendment and CARES SECURE act


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Our interpretation of the CARES/SECURE act enables the adoption of a DB (or CB) plan effective 1/1/2020 as long as it is adopted no later than their tax filing.

Does this also apply to a retroactive amendment increasing benefit formula or unfreezing plan?  Adopt as late as tax filing rather than the "normal" 2.5 months?

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5 hours ago, C. B. Zeller said:

"Actuarial Grab Bag" webcast a few weeks ago that covers these and other issues and goes through some creative solutions. I highly recommend it. It's on ASPPA's web site.

Agreed - it was time well spent.

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