Maintaining up to date documentation for your retirement plan is extremely important and not something employers should take lightly.
During a plan audit the first thing the IRS auditor asks for is a signed copy of the Plan Document with all amendments. If these do not contain provisions timely reflecting the latest legislative and/or regulatory changes, the plan faces the possibility of disqualification which can be extremely costly. Continue reading “2015 Action Required To Maintain Qualified Status Of Prototype Defined Contribution Plans”