A Plan Year may not be greater than 12 months, even by one day. For example, a plan running on a calendar year would need to show 01/01/2021 – 12/31/2022. 01/01/2021 – 01/01/2022 would be considered exceeding the 12-month limit.
A Plan Year may not be greater than 12 months, even by one day. For example, a plan running on a calendar year would need to show 01/01/2021 – 12/31/2022. 01/01/2021 – 01/01/2022 would be considered exceeding the 12-month limit.