Change in distribution method under 409A in a non-grandfathered plan

[Guest jfsinger]

Company has a plan begun in 2004 that they have decided will not be grandfathered. Q19© of 2005-1 seems to say that, if elected before 12/31/05, a participant can change his payment election from installments to lump sum before 12/31/05 without triggering a violation under 409A. Am I reading that correct?

Joe

[E as in ERISA]

That's what I'm interpreting it to say. I'm assuming that there may be some old provisions that are given up, but some new ones that can be added.