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Posted

There are recent notices going on from the IRS regarding the "period of relief" for Simple IRA plan document to be updated...if a plan was terminated in 2005....do you think there still needs to be an updated plan document? I am assuming so b/c I believe this "period of relief" reflects GUST?

Anyone else seeing these come through their offices?

  • 3 weeks later...
Posted

It couldn't hurt to adopt it and provide for it's termination as of the date the plan was originally terminated.

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