SH 4% switching to 3%

Hi

If the plan adopts the 2020 non-elective SH between 12/1 and 12/31/2020 i.e. 4%, what needs to be done/when to switch to 3% for 2021?

Thank you

If they are planning to keep the SH going forward I would just include that in the amendment.  Otherwise, you'll be doing amendment every year they want to use a SH and you'll need to get the amendment and notices out timely in order to utilize the 3% SH.

Do you agree that if not amended by 12/31/2020, it is 4% for entire 2021?

14 minutes ago, Jakyasar said:

Do you agree that if not amended by 12/31/2020, it is 4% for entire 2021?

if your amendment does not specify that it's 4% for the 2020 year only, then yes, I think you have a 4% SH for 2021.