Retroactive Change to Plan Year

Client wants to retroactively change plan year to calendar year for the 2023 Year.  Previously plan used a 7/1 to 6/30 year, so we would need to amend plan to have a short year of 7/1/2022 to 12/31/2022, making the plan year be the calendar year for 2023.  I am recommending that the plan year be changed for 7/1/2023 to end 12/31/2023 but investment advisor is pushing to do the change retroactive as noted above for 2022.  Any comments will be appreciated.

Unless you have a time machine, not allowed. PY changes must be executed before the before the new PYE date passes.

Totally out of curiosity, has the investment advisor provided any explanation for why this would be beneficial to the client?

Lou is spot on, must amend to change to a short plan year before the end of such short plan year.

Thanks for the replies.  You have confirmed what I believed to be the case, but as you know, when someone acts like they know the answer, it gives one pause.  Specifically, am I missing something?  As to why the investment advisor thinks this would be a benefit, I have no idea.  When I pressed on why the answer I got was that the client deserves to have the option.  In fact, the response was delivered in a manner that suggested that I have no right to ask such a question!  A real pleasure to work with I must say.

Tell the advisor he had the option to contact you before the Plan Year ended if he wanted to change it.

In situations like this, in a discussion with the investment adviser, I would try to mention the word "jail".  

Don't forget Ned Ryerson! We haven't heard from Ned for a while.

So we need a Delorean?

And, while not trying to be sexist....we need a MAN DeLorean.