Guest rslagle224 Posted March 3, 2005 Posted March 3, 2005 We are considering reducing our Automatic Rollover Benefits limit from $5000 down to $1000 per the new regulations. If we later decide to amend the plan back because it makes more sense for some of our plans to utilize the $5000 benefits limit and applicable IRPs for automatic cashouts, would it be a 411(d)(6) violation. Provided all parties are made aware of the limits (SMM) and all notices to terminated employees are adjusted to reflect the limits accordingly.
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