New article: Pre-approved Plan Design and Compliance
(Posted on December 5, 2023 by )


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, Pre-Approved Plan Design and Compliance, 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

Read more.