When drafting the Corrective Amendment for early inclusion, it is required to add the Participants specifics; DOB, DOH and date they were let into the plan ? Or can I just add the Year into which they were let in early? For example;
WHEREAS, as provided in IRS Revenue Procedure, 2021-30, the Employee Plans Compliance Resolution System (EPCRS) allows correction of Early Inclusion of an Otherwise Eligible Employee Failure through the Plan Amendment Correction Method;
NOW THEREFORE BE IT RESOLVED, the Plan is hereby amended under the above Revenue Procedures for the 2021 Plan Year, as follows:
The Plan is amended under the above Revenue Procedures for the 2021 Plan Year, to permit Participant Name to participate prior to the satisfaction of the Plan’s eligibility requirements.
