Changing Contributions in a Money Purchase

[Guest Retirementadmin012]

I am looking for information on restrictions that may exist for a company to change it's contribution structure in a 401(a) MPP. From my research, I have ascertained that a prospective change is possible with an amendment of the plan. This plan, however also has a matching component, based on an employee's one time irrevocable election. Are there any strings attached to the irrevocable?

Finally, I am also looking to see if there are any restrictions (outside of testing) to implementing the change under a grandfathering system, where current employees receiving the match/contributions are not effected, but newly eligible employees are under the new contribution structure. Any help or guidance is welcome!!!

[K2retire]

It's been a long time since MPP were permitted to have deferrals and thus match. You may have a hard time finding anyone familiar with this issue.

[Guest Retirementadmin012]

It's been a long time since MPP were permitted to have deferrals and thus match. You may have a hard time finding anyone familiar with this issue.

Thanks. We know that we have a very unique plan. The employee's deferrals go into a separate plan, while the MPP contains only employer contributions.