Adoption of New Plan

[Guest lforesz]

An employer decides to implement a MPP plan for the 2002. Does the employer have until the due date of the tax return for 2002 to adopt the plan or does it have to be done by the end of the year. Something tells me they can adopt after the end of the year, but can't find any cite.

Thanks for your help.

Lori

[E as in ERISA]

Qualified plans have to be adopted by end of year. IRA-based plans can be adopted by due date of return.