Special Effective Dates and REstatements

[austin3515]

Plan was set up in the 60's w/ a special effective for 401k of 1/1/2007. If the plan is being restated, is it necessary to continue to indciate the special effective dates for the 401k feature? I've always looked at those fields in the prototype as a way to create one document today that can have certain features kick in tomorrow, but that it's not necessarily necessary to memorialize until the end of time.

[Mike Preston]

As a general rule, we drop the dual referencing of effective dates when the general effective date of the restatement is after the latest special effective date.

[Peanut Butter Man]

Interesting. I like to keep them in so I'm not hunting through old documents if I need the special effective date for 401k elective deferrals.

[K2retire]

Interesting. I like to keep them in so I'm not hunting through old documents if I need the special effective date for 401k elective deferrals.

And if you happen to be a subsequent service provider a few years down the road, they are even more helpful.

[cpc0506]

As a general rule, we drop the dual referencing of effective dates when the general effective date of the restatement is after the latest special effective date.

Another point of view... We leave in the special date for the 401k feature so there is history in the document.