Modifying Prototype Adoption Agreements ... Can you?

[Guest billy bong]

if you modify or amend the adoption to a provision that is not provided in the plan document, i believe the document then becomes an individually designed document. thus, you will need to apply for your own determination letter. that is the answer given to me by one of the more well known document providers when i asked them about allocating match contributions to employees that had terminated but worked less than 500 hours. their plan document did not provide for this option.

[Dave Baker]

You might wanna submit this question to the Corbel folks who author the Prototype Plans Q&A column on BenefitsLink - http://www.benefitslink.com/qa_columns/pro...pes/index.shtml (click)

[Spencer]

I have a colleague who just begain working for a small TPA firm. He has discovered that the agents selling the plans have been modifying the prototype adoption agreements. The prototype they use does not offer much flexibility so they simply type changes on the adoption agreement.

Can you do this? If you modify a standardized prototype adoption agreement, does the determination letter for the prototype still apply? Or should employer now file for individual determination letter?

Any comments? Thanks.

[Spencer]

Thanks, billy bong ... that's what I thought.

Thanks, Dave. I will post question in Prototype Q&A.

However, I would still love input from others who regulary post to this board; Corbel doesn't appear to post new Q&A very often.

[This message has been edited by Spencer (edited 11-05-1999).]

[Guest Ray Williams]

Not only will you have an individually design plan, but you may not ome under a volume submitter program. You would be better off to use either Corel, McKay Hofmanomeones else's IDP volume submitter plan.