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2015 Action Required To Maintain Qualified Status Of Prototype Defined Contribution Plans

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.

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