Setting Up A Successor Trustee for Plan

I have a client that wants to setup a successor Trustee, just in case.  It doesn't appear that there's an option to put this into our Plan Document, however.  Is there something else that I can have signed stating who the successor Trustee is?

Thanks in advance!

Are you sure there isn't a provision for a contingent trustee?

If the above is not available, I would suggest a resolution adopted by the person or entity with the current authority to appoint or replace the trustee, that authorizes and names a successor/contingent trustee in the event the current trustee dies or becomes otherwise incapacitated, and have such successor/contingent trustee sign an acceptance of this. Then make sure a copy of this is kept with permanent plan records and given to vendors as may be needed.

Even if the pre-approved document has no checkbox or fill-in line for this, a Revenue Procedure mentions “the resignation or replacement of fiduciaries” as an example of an administrative provision an adopting employer may add without losing reliance on the IRS’s opinion letter.