Plan Restatement

[Guest Dick Boever]

Are most people restating their Section 125 plan documents to include the recent final regulations? I have an insurance agent friend, with over 100 clients with POP plans, that was told by Ceridian that no restatement was necessary. It seems to me that most documents will need to be restated. I realize the language in the current document will need to be looked at, but as a general rule won't most plan sponsors need to restate their documents by January 1, 2002?

Any references you have would be appreciated.