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Posted

Our firm sponsors a prototye document for use by our clients. Required interim amendments are typically adopted at the document sponsor level.

Is it correct that if we are a VS document sponsor, interim amendments must be adopted by each plan sponsor (versus at the document sponsor level)? Or has that changed?

Thank you.

QPA, QKA

Posted

A VS document can provide for amendment at the document sponsor level. Our VS document allows it. But, if an employer wants an amendment that is not identical to the one adopted at the document sponsor level, they will need to adopt the amendment.

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