412-d-2 election

Hi

Did not have one of these in many years.

Calendar plan. BOY valuation. Amendment to increase benefit adopted before 12/31/2020 but after 1/1/2020.

Do they need to adopt some kind of amendment election?

Thanks

If they want to include the effect of the amendment in their valuation, which would increase the minimum required and maximum deductible amounts, but it's not required.

They want to include. It would have been required if adopted after year end, correct? I am still going to provide one, never hurts (famous last words)