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Defined Contribution Plan


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Guest cconnell
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I have an electrical union who has multiple collectively bargained agreements with various employers. The benefit currently is 7% of pay. The union leader wants to amend the plan to cover some of the other members who are under a different agreement, the benefit which is up to 3.25/hour depending on the members direction.

My question: Can this plan have two different allocation formulas or do they need another document?

Thanks,

Laura

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