BG5150 Posted February 9, 2023 Posted February 9, 2023 I read somewhere the flexible match notice is not need for the first year the plan adopts the cycle 3 doc with that language. Can someone point me to the cite for that? I don't see anything in my plan doc about it. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
BG5150 Posted February 9, 2023 Author Posted February 9, 2023 Never mind. The first sentence in the section that talks about the notice it says: "For Plan years beginning after the end of the Plan Year in which this document is first adopted..." QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
BG5150 Posted February 9, 2023 Author Posted February 9, 2023 So a follow up question. What if the plan is adopted in 2021, but doesn't have a match provision. But it is them amended for 2023 to have the flex match. Do they have to provide the notice for 2023? Or 2024? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Belgarath Posted February 9, 2023 Posted February 9, 2023 I don't have a citation, but IMHO, you need the notice for 2023. Not that difficult to do anyway - why take a chance?
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