Midyear amendment to SEP eligible?

[AlbanyConsultant]

Sponsor wants to amend the SEP to make eligibility more restrictive. Can that be done midyear, or does it have to wait until the start of the new year? I don't know yet what kind of SEP. Thanks.

[Belgarath]

Assuming it is a 5305-SEP, I'm going to go out on a limb and say yes. My only basis for this statement is that page 2 of the SEP agreement, item #3 under "Completing the agreement" provides for amending the SEP document, with a copy of the amendment and a statement of the effects furnished to the participant within 30 days.