Plan restatement

[Gary]

If a plan sponsor does not restate plan by 4/30 does that mean the plan loses its qualified status? Or atleast have to go through VCP corrections program?

What would happen if plan restated in May and is then submitted to IRS in May?

What would happen if plan restated before 4/30 and submitted to IRS after 4/30?

If plan not submitted by 4/30 is it pointless to submit and better off not being submitted to IRS?

Thanks.

[Blinky the 3-eyed Fish]

If a plan sponsor does not restate plan by 4/30 does that mean the plan loses its qualified status? Or atleast have to go through VCP corrections program?

It becomes a non-amender and needs to go through VCP to be legitimately okay.

What would happen if plan restated in May and is then submitted to IRS in May?

If you submitted it in May, you should be sued for ineptitude. It's a non-amender that has now asked the IRS to place them under Audit CAP and pay them a larger fee than through VCP.

What would happen if plan restated before 4/30 and submitted to IRS after 4/30?

They wouldn't review the off-cycle filing unless it somehow met one of the exceptions for off-cycle review. Someone can chime in what they are and where they can be found.

If plan not submitted by 4/30 is it pointless to submit and better off not being submitted to IRS?

See previous answer.