BG5150 Posted September 16, 2020 Posted September 16, 2020 Plan had a hard cap on a discretionary match. It is $250 in the document, but for the past couple years, they have been contributing up to $350 to those who qualify. Can we do a retroactive amendment to change it starting in 2018 when they made the change? ACP test passes no problemo. Mostly union people. I guess I should ask if the union docs got updated.... QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Luke Bailey Posted September 16, 2020 Posted September 16, 2020 7 hours ago, BG5150 said: I guess I should ask if the union docs got updated.... Yes. And if you need to amend retroactively, this may fit the criteria in EPCRS for self-correction by amendment since applies to all NHCE's and provides higher benefits. Luke Bailey Senior Counsel Clark Hill PLC 214-651-4572 (O) | LBailey@clarkhill.com 2600 Dallas Parkway Suite 600 Frisco, TX 75034
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now