Cohen & Buckmann, P.C.
Cohen & Buckmann, P.C.
EXECUTIVE COMPENSATION, PENSION & BENEFITS LAW

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EXECUTIVE COMPENSATION, PENSION & BENEFITS, INVESTMENT ADVISER LAW


 
The 401(k) Adoption Agreement is Key-Get It Right!

The 401(k) Adoption Agreement is Key-Get It Right!

By Carol Buckmann

carol@cohenbuckmann.com

I came across this helpful guidance from forusall demystifying the 401k plan adoption agreement . https://www.forusall.com/401k-blog/401k-adoption-agreement/ Two important additional points are: 1. you need to answer the question whether the plan sponsor belongs to a controlled group correctly (your plan may not qualify if you don’t); and 2. new adoption agreements to reflect changes in the law are required to be signed on a schedule established by the IRS. This is not a one time job.