New article: Pre-approved Plan Design and Compliance

With the IRS cutting back on determination letters for individually designed plans, more and more employers are switching to pre-approved plans. An article recently published in the Lexis Practice Advisor discusses practical considerations involved with such plans. Topics include:

• Pre-approved Plan Designs and Favored Regulatory Status
• General Advantages and Disadvantages of Pre-approved Plans
• Types and Requirements of Pre-Approved Plans
• Limitations on Plans That May Be Pre-approved
• Pre-approved Plan Providers
• Implementing Pre-Approved Plans
• Obtaining IRS Opinion Letters