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Did You Hear? Your Defined Contribution Plan Must be Restated!
- It is time to restate your defined contribution plan to comply with the Pension Protection Act of 2006 (PPA) and subsequent legislation and regulations.
- The IRS requires that plan documents for defined contribution plans be entirely rewritten to incorporate the law changes. All defined contribution plans must be restated prior to April 30, 2016.
- Election not to restate will disqualify your defined contribution plan and may result in penalties being imposed including loss of the tax deductions taken for contributions to the plan.
- Questions? Call Jim Raley at 239.598.9992 or email jimraley@pensionplanners.net for more information
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