Plan
Document Services
Plan
Document Services
IAI will prepare the plan document and related forms for new plans, which includes drafting proposed language for individually designed plans and client-requested changes to plan documentation. Items included in plan document preparation (for review by legal counsel) are:
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Plan Document and Administrative Policies |
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Summary Plan Description |
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Ancillary Beneficiary Forms |
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Salary Deferral Agreement, if applicable |
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Initial 401(k) Safe Harbor Notice, if applicable (if prepared at the same time as new plan document) |
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Participant Loan Policy, if applicable (if prepared at the same time as new plan document) |
Alternatively, IAI will consult with the client's attorney to assist the
attorney in plan preparation.
Preparation of Plan for Submission to IRS
Once a retirement plan is adopted, IAI will provide any necessary filings for the plan to be submitted to the IRS to be assured qualified status.
Plan Amendments and Restatements
Plan amendments may be required to adapt a plan to the client's changing needs. IAI will draft proposed amendments for review by legal counsel or, alternatively, consult with the client's attorney to assist the attorney in preparing the desired amendments.
Qualified retirement plan documents must be restated from time to time to stay up-to-date with changes in law and regulations. The deadlines for doing so are typically set by the IRS. When a restatement is required, we notify the client and, if requested, provide a restated, up-to-date document for review by legal counsel. We offer a full range of volume submitter documents.
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