This is related to a question I posted recently under Defined Benefit plans.
Client recently discovered a few participants who appeared to have exceeded compensation limit.
Each of these participants was participating prior to 1/1/96, and the plan had no compensation limit in effect on 7/1/93. The plan was amended back in 1995 (the TRA 86 restatement) to incorporate the limit effective 1/1/96 for all participants.
Did the grandfather rule for eligible participants need to be set forth in the plan document for the plan to be able to use it?