R. Butler Posted February 14, 2002 Posted February 14, 2002 We have just taken over an age weighted plan. We need to get the document amended by 2/28/02. Due to time constraints, we hope to put them in our nonstandard document and attach a resolution to adopt an age weighted formula. Any problems with that? I don't see why we can't, but maybe I am missing something. Thanks for any help.
Mike Preston Posted February 19, 2002 Posted February 19, 2002 Sounds fine to me. There is no need to amend by 2/28/2002 if you would prefer to just have them sign a certification. One of the changes that a lot of prototype/volume submitter providers submitted last year pursuant to the new cross-testing regulations was an option for age-weighting a plan. Many of those plans are still awaiting IRS approval of the (I think) pre-Oct. 22 submitted changes. Not that the two are necessarily related, but both points seemed mentionable.
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