Should a sponsor obtain a board resolution for its profit sharing contribution?

[austin3515]

Shoudl a sponsor obtain a board resolution for its profit sharing contribution?

Are there any requirements out there regarding how to prove the intended contriubion, other than looking at the actual deposit.

[QDROphile]

The plan document should specify who determines the amount of a discretionary profit sharing contribution. If the document is dumb enough to refer only to the "company" or "employer," it is risky to to have anyone but the Board determine the contribution unless the Board has delegated the authority to that person or the corporate charter or bylaws gives appropriate authority to someone else.