waid10

ERISA Sec. 402 requires that each plan have a written procedure for amending the plan. And generally, plan amendments are authorized by the employer's Board of Directors. However: - Is it permissible for the Board to pass a resolution delegating the authority to amend the employer's plans to an individual? - Or must each plan be amended so that the individual is named in each plan document as having the authority to amend the plan? I would like to delegate "plan amendment authority" to an individual in one Board Resolution as opposed to the exercise of amending each plan and naming that person.

Does anyone have a good source for information on the steps/implications of converting from a Subchapter S corp to a C corp? I am exploring options for avoiding the impact of IRC sec. 409(p) on an S corp ESOP.

Can anyone provide a good source for laying out the steps and implications regarding converting an ESOP to a different type of plan (e.g. profit sharing plan)?

I wanted to revive Dawn's posting. Does anyone have an S Corp ESOP that will violate 409(p) effective 1/1/05? What options are you providing to shareholders?

Does anyone know if the Service has made any statements about ruling on a cash balance feature in a determination letter?

I have a client who is an owner of a C corp. His corporation is part of several C corps that are within a controlled group. The controlled group of corporations is the 80% owner of a partnership. Thus, the corporations and partnership form a parent-subsidiary relationship. My client, the owner of one of the C corps, wants to participate in a medical and a disability plan of the partnership. Is this permissible?