A restatement could be time for a plan housecleaning

Ary Rosenbaum

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

A restatement process isn’t required by the Internal Revenue Service so that ERISA attorney can bill for drafting new plan documents. It’s required so that a retirement plan has a document that is current with the law.

As we start a new process, it’s a great time for a plan sponsor to review terms of the plan to make sure it’s still applicable to the employer. Perhaps eligibility needs to be changed, perhaps Roth 401(k) should be added. It’s a perfect to see what provisions of the plan still work and what needs changed.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

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Ary Rosenbaum

The Rosenbaum Law Firm P.C. on:

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