bcsn77 Posted May 19, 2017 Posted May 19, 2017 A plan's document allows for deferral changes to occur monthly. As of January 2017, the plan was allowing for these changes to occur per pay period. Does the plan need to amend the plan to allow per pay period deferral changes effective 1/1/2017? Thanks
CuseFan Posted May 19, 2017 Posted May 19, 2017 assuming pay periods are not monthly, yes, you should amend so operation is in compliance with the plan document Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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