Eliminating 401(k)

[Guest lucylucy]

I have an employer with a current 401(k) profit sharing plan. The employer wants to remove the 401(k) piece from their document since no employees are interested in participating. Does anyone have any idea how to go about doing so? Could I just restate the plan and not include the 401(k) provisions?

[mbozek]

Why not have the employer adopt a resolution eliminating the 401(k) salary reduction feature as of a prospective date, e.g., 7/31. The plan would have to be amended for all EGTRRA amendments for the 401(k) plan effective for 2003.