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Did You Hear? Your Defined Beneift Plan Must be Restated!
- It is time to restate your defined benefit plan to comply with the Economic Growth and
Tax Relief Reconciliation Act (EGTRRA) and subsequent legislation and regulations.
- The IRS requires that plan documents for defined benefit plans be entirely
rewritten to incorporate the law changes. All defined benefit plans must be
restated prior to April 30, 2012.
- Election not to restate will disqualify your defined benefit plan and may result
in penalties being imposed including loss of the tax deductions taken for contributions
to the plan.
- Questions? Call Jim Raley for more information at 239.598.9992 or email at jimraley@pensionplanners.net
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