Page 36 - AprDefComp
P. 36

Extended deadline for certain amendments












        • Extension applies only to the provisions just discussed


        • Plan can operate with those provisions and amend after the fact



                • Sponsor's choice to include optional provisions


        • Amendment deadline:


                • Most plans: Last day of first plan year beginning on or after January 1, 2022


                • Governmental plans: Last day of first plan year beginning on or after January 1, 2024


        • Other sponsor-initiated amendments must be executed by the normal deadline



                • Generally, by the last day of the plan year in which the change is effective


                • Some amendments must be made in advance











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