Felicia Posted March 4, 2004 Posted March 4, 2004 Can the employer change designated financial institutions during the year or must the employer wait until January 1st to make the change?
Gary Lesser Posted March 5, 2004 Posted March 5, 2004 The DFI may be changed provided such change is in accordance with the Notice distributed before the plan year began. See IRS Notice 98-4, Q&A J-1 (1998-2 IRB 26).
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