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Posted
5 hours ago, Brandon1997 said:

I was wondering if anyone knew if changing from an integrated formula to a cross-tested formula requires a Summary of Material Modifications? 

Thanks!

Bird gave you the right answer (and the only correct answer), but did you consider LOOKING at the existing SPD and what an SPD that has the different language looks like?  If you have plans of that type all ready, you should have a ready resource to review the differences.  And yes, if you do it as an amendment, you will definitely need an SMM to explain the different provision(s).

Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC
President
Qualified Plan Consultants, Inc.
46 Daggett Drive
West Springfield, MA 01089
413-736-2066
larrystarr@qpc-inc.com

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