Prototype adoption agreement not updates yet

[Guest LoloV]

I am not too familiar with the the actual restatement process (dates, etc.) but feel the following is a problem. When working on the year end testing, etc. I requested a restated (prototype) adoption agreement for a plan and was told it was not updated yet. Didn't these have to be updated sometime last year?

Any input would be appreciated. Thanks in advance.

[mbozek]

I am assuming that the prototype sponsor has not received approval for GUST amendments. Have you contacted the prototype sponsor to ask them when the GUST amendments will be sent to the employers? Participating employers usually have one year from the date the IRS approves Gust changes to the prototype to adopt the GUST amendments. EGTRRA amendments were supposed to be adopted by the end of the 2002 plan year.

[Guest velll]

Sorry if I was unclear. The protoype has been approved but some of the restated adoption agreements are not completed or signed yet. If I understand your post correctly, if the date of the prototype approval and if less than 1 year ago we are OK regarding GUST.

Thanks for your repsonse.

(Velll same as LoloV. Automatic passwords at home and work-can't remember either)