A restatement process isn\u2019t required by the Internal Revenue Service so that ERISA attorney can bill for drafting new plan documents. It\u2019s required so that a retirement plan has a document that is current with the law.<\/p>\n\n\n\n
As we start a new process, it\u2019s a great time for a plan sponsor to review terms of the plan to make sure it\u2019s still applicable to the employer. Perhaps eligibility needs to be changed, perhaps Roth 401(k) should be added. It\u2019s a perfect to see what provisions of the plan still work and what needs changed.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" A restatement process isn\u2019t required by the Internal Revenue Service so that ERISA attorney can bill for drafting new plan documents. It\u2019s required so that a retirement plan has a document that is current with the law. As we start … Continue reading