Outdated Plan Document

[Alex Daisy]

I am taking over a Plan where the Plan Document has not beed amended for at least 5 years, and does not have the GUST, EGTRRA or PPA Amendments.

I remember someone telling me about a Correction Program that the Plan can enter to bring it current.

Does anyone have any information on this and the cost assocaited with it?

Any help is greatly appreciated.

[Guest Eric A]

Take a look at IRS Rev. Proc. 2008-50, particularly the streamlined submission procedures for nonamender failures set forth in Appendix F, schedules 1 and 2.