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Amending or Restating a PS Plan into Uni-401(k)


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Guest Laura12345
Posted

We have a one person Profit Sharing Plan (formerly a Keogh), who is interested in making the Plan a Uni-401(k). The PS Plan has recently been amended & restated for GUST/EGTRRA, etc.

My question:

If he wants to become a Uni 401(k), is it only necessary that I amend to permit 401(k) contributions, or do I need to draft a whole new document that specifies that this is an individual 401(k) Plan?

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