the dating guy nudity - Egtrra updating plan documents
Employers who are not currently using a pre-approved plan but who wish to adopt one before the end of their plans RAP may do so by certifying their intent to so adopt such a plan.
For example, if an individually designed plan has a RAP ending December 31, 2008, the employer may certify its intent to adopt a pre-approved plan by that date.
The attached checklists identify amendments that must or may be included in IRS-qualified defined contribution and defined benefit plans as a result of changes made by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), technical corrections made by the Job Creation and Worker Assistance Act of 2002 (JCWAA), the Sarbanes-Oxley Act of 2002, and other regulatory guidance issued in 20.
Changes that normally are purely operational in nature, which should not typically require changes to plan provisions, are generally not included.
For example, changes made by EGTRRA to the defined benefit plan funding and employer deduction rules are not covered, as such rules are not commonly described in plan documents.
The IRS will now review restated plan documents either every five or six years, depending on the type of plan document (individually designed, pre-approved prototype, or volume submitter).
Pre-approved plan documents (also referred to as prototype and volume submitter) will be required to be restated every six years.