For each of the following plan Amendments , discuss the following: Whether the amendment violates the anti-cutback
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Question:
For each of the following plan Amendments, discuss the following:
- Whether the amendment violates the anti-cutback rule if applied retroactively;
- Whether the amendment, if prospective in effect, requires a Section 204(h) notice; and
- Any additional notice or disclosure requirements under Part 1 of Title I of ERISA that are triggered by the amendment.
Amendments
- An amendment eliminating vision care benefits for adults from a health care plan.
- An amendment changing the benefit formula in a defined benefit plan from 50% of final average compensation to 35% of final average compensation.
- An amendment eliminating employer matching contributions to a 401(k) plan.
- An amendment limiting loan amounts from a 401(k) plan to $10,000.
- An amendment changing the mutual fund investment options available to participants in their 401(k) plan.
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