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Get the free Plan Amendment or Revision - City of Bellingham - cob

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Recd by: AMENDMENT/REVISION OVERSEE TO BE INCLUDED WITH ALL SUBMITTALS AFTER INITIAL APPLICATION PROPERTY ADDRESS: DATE: PERMIT NUMBER: REVISIONS BEING SUBMITTED WERE REQUESTED BY CITY OF BELLINGHAM
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Plan amendment or revision refers to the changes or updates made to an existing plan document. These changes may include modifications to the plan's provisions, eligibility criteria, contribution limits, or any other relevant aspects of the plan.
The employer or plan sponsor who manages the retirement plan is generally responsible for filing plan amendment or revision. This ensures that the plan remains compliant with applicable laws and regulations.
To fill out a plan amendment or revision, the employer or plan sponsor needs to review the existing plan document, identify the necessary changes, and draft an amendment or revision document that reflects these changes. The completed document must then be submitted to the appropriate regulatory or governing body for approval.
The purpose of a plan amendment or revision is to keep the retirement plan up to date with legal requirements and to accommodate any necessary changes in plan design or operation. This ensures that the plan continues to meet the needs of the participants and remains compliant with applicable laws.
The specific information that must be reported on a plan amendment or revision will vary depending on the nature of the changes being made. However, common elements that may need to be included are the effective date of the amendment, a description of the changes, and the rationale or reasoning behind the changes.
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