Do You Have a Valid Plan Document? (ASPPA - American Society of Pension Professionals and Actuaries)

(Source: ASPPA - American Society of Pension Professionals and Actuaries) As actuaries we deal with data on a daily basis. Most of the time we tend to only think of data as demographic (participant information) or financial (plan assets, contributions and distributions). However, data also includes the plan documents that we rely on to determine who is covered by the plan, what benefits are to be paid to participants, when those benefits can be paid and the form of benefit payments. During a recent discussion of plan documents, a number of issues were identified. First, do you have a plan? Second, if you have a plan, what are its terms and conditions? And third, when is an amendment...