PLAN AMENDMENTS
Laws change frequently and plans need to be amended to comply with the most recent requirements. We'll make sure your plan is current by keeping ourselves up to date on all IRS and Government changes.
Laws change frequently and plans need to be amended to comply with the most recent requirements. We'll make sure your plan is current by keeping ourselves up to date on all IRS and Government changes.
A plan using a custom document must generally be restated every 5 years based on the company's federal ID. We'll make sure your plan stays compliant by taking care of the work and updating you with the results.
Despite everyone's best efforts, mistakes can happen. If they do, LRS can help you correct the problem and retain the benefits of your qualified plan, before the IRS or other agencies get involved.
LRS’s compliance programs are designed to ensure that plan fiduciaries comply with their obligations, protect plan assets, and minimize personal and financial liability wherever possible.
We will also prepare and coordinate the submission of the plan to correction programs including: the Internal Revenue Service’s self-correction program (SCP), voluntary correction program (VCP), audit closing agreement program (Audit CAP), the U.S. Department of Labor’s delinquent filer voluntary correction program (DFVCP) and voluntary fiduciary correction program (VFCP)