BG5150 Posted July 23, 2019 Posted July 23, 2019 We have a SH plan that was effective 5/1/2019. We generally write plans with a full initial year, but this one slipped through the cracks. Can we amend the plan to be effective 1/1/19 (with a deferral start date of 5/1)? Could I interpret this as an allowable amendment because it is increasing the SH benefit (12 months of compensation compared to 8)? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Bird Posted July 24, 2019 Posted July 24, 2019 That's an interesting question...I don't see why not. Ed Snyder
Luke Bailey Posted July 24, 2019 Posted July 24, 2019 BG5150, since you could adopt it now with a 1/1 effective date, you should be able to amend it now to have that effective date. AKconsult 1 Luke Bailey Senior Counsel Clark Hill PLC 214-651-4572 (O) | LBailey@clarkhill.com 2600 Dallas Parkway Suite 600 Frisco, TX 75034
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