Authority to Amend Plans

[waid10]

ERISA Sec. 402 requires that each plan have a written procedure for amending the plan. And generally, plan amendments are authorized by the employer's Board of Directors.

However:

- Is it permissible for the Board to pass a resolution delegating the authority to amend the employer's plans to an individual?

- Or must each plan be amended so that the individual is named in each plan document as having the authority to amend the plan?

I would like to delegate "plan amendment authority" to an individual in one Board Resolution as opposed to the exercise of amending each plan and naming that person.

[Guest dsilver]

I don't see any problem in doing that if the person is willing to accept the responsibility.