Submission to IRS

[Lynn Campbell]

It has been a long time since I submitted a Plan and I was hoping someone could offer their list of items that go to the IRS with a submission of a Volume Submitter or Prototype Plan. I would like to avoid the IRS requesting additional information and slowing down the process. Thanks for all input!

[Blinky the 3-eyed Fish]

Look to the procedural checklist on page 4 of the forms located here:

http://www.irs.gov/pub/irs-pdf/f5307.pdf

[Lynn Campbell]

Thanks for the tip. In your recent experience, does the IRS ask for any items that are not included on this Checklist?

[davef]

In order to rely on the 12-month RAP extension for M&P and VS plans (and to demonstrate to the IRS that you are not late in adopoting/filing the plan), you will also need to include either: (1) a GUST certification that the employer signed on or before 2/28/02; or (2) the prior M&P or VS plan document. In the cover letter, I also mention that the provider of the GUST document submitted the plan to the IRS prior to 12/31/00. This has usually been sufficent to avoid any additional requests for documents.