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Showing results for tags 'Allocation Requirements Waive'.
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I have an employer that is closing its doors and terminated all of its employees in December 2013. The plan includes a discretionary match provision, but requires employment on the last day of the plan year to share. No formal plan termination resolution/amendment has been executed to date. Is there any way the plan can waive the last day allocation requirement for the prior plan year and allocate a match to the terminated employees? Would an 11(g) amendment work? The plan is roughly 100 participants with 2 HCE's.
