Add New Financial Plan Type

I end dated the old financial plan type designated as the Approved Cost Budget and created a new financial plan type and designated it as the Approved Cost Budget. How do I set the new financial plan type as a default to be displayed in the summarizations for all projects? I thought Approved Cost Budget would be automatically included in the summarization but I'm still seeing the old financial plan type and can't manually add the new financial plan type on a single project. I would like to add the new financial plan type across all projects. Thanks in advance.