When there is a plan restatement process, every retirement plan document provider adds some tweaks and removes some tweaks from their plan document.<\/p>\n\n\n\n
For the Cycle 3 restatement process, I\u2019ve noticed that most plan documents have removed the separate bonus deferral election that could allow participants a separate election where they could defer up to 100% of their bonus (not that I ever got one).<\/p>\n\n\n\n
So if a plan sponsor has the election or still allows the same treatment of bonus deferrals like they do ordinary deferrals, I think now is the time to see what they\u2019re doing and what they should be doing with the plan statement process underway.<\/p>\n
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