What type of notice when changing from integrated discretionary profit sharing plan to a cross-tested formula?

[Guest tcunagin]

What type of notice do I have to give for a discretionary profit sharing plan which is currently integrated and we are changing to a cross-tested plan? What is the deadline if any for this?

[chris]

You would have to notify the partcipants of the amendment....typically done by way of a summary of material modifications. Basically, tells the participants in plain english as to what got amended and how it's different. Generally must be provided b/f deadline for 5500 I believe. ON a different note, I assume the plan has a last day of the plan year employment requirement such that the allocation provision, ie integration, can be amended this late in the cal. year....???

[david rigby]

Be sure your amendment does not cause problems under IRC 411(d)(6).