HR Minute

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April 30 Deadline for Pre-approved Defined Contribution Plans

Posted In Defined Contribution Plans, Employee Benefits and Executive Compensation

This is a follow-up on the IRS’ recent reminder to plan sponsors using pre-approved defined contribution plans (i.e., prototype and volume submitter plans) that they must adopt restated plan documents by the end of this month. Plan sponsors should have already received restated plan documents from their service provider to review and execute by April 30, 2016. However, if a plan sponsor uses these kinds of plans and has not received these documents, it needs to contact its service provider immediately.

Please call Donald S. Kohla at 678.336.7140 or Jan G. Marsh at 678.336.7135 if you need assistance in working with your service provider to review and restate your pre-approved plan by this deadline.

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