Incorrect Plan Document

[Guest Willie]

I am working with a client that adopted a 401(k) plan as of 12/1/02. The client decided to adopt the plan based on a cross-tested allocation that was performed prior to adopting the plan. The provider did not realize the client wanted to adopt a cross-tested plan and provided them with a prototype document, which the client signed off on. The client is now ready to make their 2002 contribution and was told by the provider they will be unable to do a cross-tested allocation for 2002 and that they will need to restate their current document to a volume submitter if they want a cross-tested allocation for 2003. Is there any way that this client could make a cross-tested allocation for 2002?

[QDROphile]

Possibly. You need professional advice.

[chris]

Sounds like a little more than just scrivener's error...