| Amendment - 401(k) Retirement
Glossary & Terminologies
Amendments in terms of retirement plans are the
updates or changes that are made to a retirement plan’s provisions,
characteristics, features, benefits and other important items such
as fees, vesting rules, matching rules, etc. Some amendments are
mandated by the Internal Revenue Service, such as the Actual Deferral
Percentage test to be done on all employer sponsored plans while
others is mandated by the employers’ themselves.
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