cpc0506 Posted August 26, 2022 Posted August 26, 2022 Client has a calendar year QACA plan with QACA statutory minimum schedule. They would like to change to schedule of QACA provisions to 6% auto-enroll with no escalation and would like to do it effective 10/1/22. Is this allowed mid year? And to whom do the new provisions apply? In other word, if employee A was auto-enrolled under prior schedule at 3% and is now at 5% deferral rate, does he need to be increased to 6% effective with amendment change or can he stay on the old schedule and just auto-increase at next increase date? Thanks in advance for your reply.
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