Guest Lex Posted February 27, 2003 Posted February 27, 2003 A plan sponsor just signed the GUST restatement for an individually-designed plan, missing the 2/28/02 deadline and the 9/3/02 relief. What are the corrective steps and costs? Also, was the 2/28 deadline a submission deadline or execution of the document?
E as in ERISA Posted February 27, 2003 Posted February 27, 2003 Was any action taken prior to September 2002? E.g., any chance the board of directors had a copy of the plan document before it and authorized the amendment prior to that date? The corporate resolution can be used for a "signature" provided that they had the document before them.
Guest Lex Posted February 27, 2003 Posted February 27, 2003 Unfortunately not- the prior service provider did not give them the document until February 03
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