A comprehensive amendment that covers all past amendments that should have been, but was not made up to period that the catch-all amendment is made .
A plan that failed to complete required regulatory amendments by the established deadline can make a retroactive amendment, which can include all the required amendments that were not completed.
A Plan Document Failure occurs if a plan is not amended to reflect a new qualification requirement within the plan’s applicable remedial amendment period. In addition, if a plan has not been timely or properly amended during an applicable remedial amendment period for adopting good faith or interim amendments with respect to disqualifying provisions, the plan is considered to have a Plan Document Failure.
Additional Helpful Information
- An example of a catch-all amendment is GUST, which included amendment language for :
- The General Agreements on Tariffs and Trade,
- The Uniformed Services Employment and Reemployment Rights Act of 1994,
- The Small Business Job Protection Act of 1996 and
- The Taxpayer Relief Act of 1997 (TRA-97).
- In a case in which correction of a Qualification Failure includes correction of a Plan Document Failure by plan amendment, a determination letter application may be required.
- A Plan Document Failure that is a disqualifying provision for which the remedial amendment period under § 401(b) has not expired can be corrected by operation of the Code through retroactive remedial amendment.