5500 and three-year testing cycle

[Guest ljsc]

Rev. Proc. 93-42 allows plans to perform coverage test once every three years (as long as there has been no big change). However, the instructions for the 5500 now say the following: "The instructions to the Schedule T provided that the Schedule T need not be filed every year if the employer was using the three-year testing cycle of Rev. Proc. 93-42. That exception does not apply to Part IV of the Schedule R."

My question is - does this mean you can no longer use the three-year testing cycle? I have not found anything that says Rev. Proc. 93-42 has been modified.

Thanks!

[WDIK]

http://benefitslink.com/boards/index.php?showtopic=32676