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Amendment Adding Automatic Enrollment


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Posted

When must an amendment adding an automatic enrollment feature to a 401(k) plan be adopted - in advance or by the last day of the plan year during which it is effective? This is an ACA amendment, not an EACA or QACA.

Thank you.

Posted

I think it can be added at any time. (prospectively, of course.)

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Posted

Our client has implemented an ACA without amending the Plan. Is an amendment necessary? Is this a VCP matter?

Thank you.

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