Allowing Directed Investments = Protected Benefit?

[chris]

Plan allows for directed investments for participants no matter what the vested percentage. Plan to be amended to provide that 100% vesting required in order to direct investments. Any protected benefit issues? If allowing directed investments is not a protected benefit, then it would appear that the conditions for being able to so direct would also not be protected. Thanks.

[Erik Read]

Yeah - you're right - didn't make sense - in short - I'm agreeing that it's not a protected benefit, but their could be some issues if the plan allows it now, and want's to remove it as an option for specific individuals.... unvested participants, and forces them to move to non-directed investments.

[Alf]

I don't understand either point in the response, but directed investments is not a protected benefit.