Change in Vesting Schedule.

[Guest Thornton]

I have a 401(k) profit sharing plan that vests the match at 100% and the p/s contribution under the 6 yr schedule. The plan is not top-heavy. The sponsor is changing the p/s vesting to a 5 year cliff. Does anyone have a sample participant notice and election form? Thanks.

[Dave Baker]

'Course I guess you could avoid the election by providing in the plan that all participants with 3 or more Years of Service will get the better of the two vesting schedules, and then have the new schedules apply only to participants who do not now have at least 3 Years of Service for vesting purposes.