amending to new comp in mid year

[Santo Gold]

A PS plan has a pro-rata allocation formula, and requires last day of employment to share in the allocation. There is not an hours requirement however.

Since the participants do not "earn" a share of the allocation until 12/31, can the plan be amended in mid year to switch to a new comp formula?

Thanks

[Tom Poje]

as far as I know you could amend, the one exception is that sometimes the document is the situation you described will also provide for an allocation for died/disabled/retired regardless of last day, and someone might have actually 'earned' a contribution at this point in time

[Mike Preston]

And if so, put them in a separate group and ensure that the amount allocated would equal the amount allocated under the old formula given the same total contribution. Algebra is fun, right?