Retirement Plan documents must be written; they just can’t be some oral promise to pay retirement plan benefits. A written plan document is a legal document with legal ramifications in governing a legal entity known as a retirement plan. A retirement plan document can cause many issues for a retirement plan sponsor, and since most plan sponsors are wary of ERISA attorneys because of their billing practices (don’t worry, I charge a flat fee) many don’t know. So this “free” article can help plan sponsors take count of the many problems their plan document can have on their retirement plan and what steps they should take to avoid these problems.
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