Timing on amending "Prior" to "Current"

[Guest Mike Schwing]

I was wondering if there are any regulations on the timing of switching 401(k) testing methods? Is it possible to amend the tetsing option after the plan year is over? I have a new plan - effective 01-01-03, which which stated they wanted prior year testing when being set up - they fail 401(k) testing using prior -3%- but would pass using current. Can I change to current after 12-31-2003 (the plan anniversary)?

[Blinky the 3-eyed Fish]

You aren't going to find anything concrete on that. There are prior discussions on this board on the subject if you perform a search.