In other words, the irs has not addressed whether plans can be amended to remove the distribution triggers once they are added. Plan sponsors should consider this ambiguity before moving forward … The department of labor (dol) has issued field assistance bulletin 2006-03 (december 20, 2006) to provide guidance on the new requirements for defined benefit and defined contribution plans to …

Take a participant-directed plan where employees make § 401(k) contributions throughout the year, matching contributions are made quarterly, and profit sharing contributions are made once a year.