Remove salary deferral provision?

[Guest penman]

A new PS/k plan was adopted 9/1/04 effective 1/1/04 for 2 Drs. and 3 NHCE's. The 401(k) provision is effective 1/1/05. The plan is on a VS doc. As of last Friday the Drs. decided that they may want to remove the salary deferral feature from the plan (at least temporarily).

Any problems with that and, if not, what's the best way to handle it?

[austin3515]

None that I can think of except politically; if you told your ee's they might be pretty peeved. You can terminate/amend a plan at any time you want, so before it even exists oughta be okay...