Updating plans prior to termination.

[katieinny]

I understand that terminating plans must be updated for the GUST amendments prior to termination. But is there any reason to include the EGTRRA amendments for plans that will be terminating before the end of this year?

[jpod]

It is required.

[mbozek]

Egtrra amendments are required for those provisions that apply to the plan in the year terminated. Some revisions are optional, eg. catch up provision and some are not required, eg., plans do not have to increase comp. to 200k. Master/Prototype plan sponsors provide a list of amendments that are required in year plan is terminated.