All Defined Contribution plan documents (including 401(k), Profit Sharing, and Money Purchase Plans) will need to be restated by no later than April 30, 2016 to incorporate the language and provisions from the Pension Protection Act (PPA), and various other required amendments. At Benefit Resources our goal is to have our clients’ plans updated before the end of 2015. Here are the document restatement faqs.
If you have thought of finding a new Third Party Administrator, now is the perfect time to make the switch. You need your plan document written correctly and tailored to your company needs. Let us help.
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