Guest Diana Hill Posted October 4, 2001 Posted October 4, 2001 A MPP plan wants to change their plan year end from 10/21 to 10/31. From what I've read under Section 412, the minimum funding is required for all years. They do not want to make a contribution for the 10-day short year. Any input/experience with this is appreciated.
rcline46 Posted October 5, 2001 Posted October 5, 2001 No problem. The amendment changing the plan year changes the MPPP formula to -0-. The same amendment can set the formula back for the next normal year. Don't worry, be happy!
david rigby Posted October 5, 2001 Posted October 5, 2001 Adoption of such amendment prior to 10/21 is probably advisable. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
KJohnson Posted October 5, 2001 Posted October 5, 2001 204(h)? I would comply which may mean getting that notice out today.
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