Preparation Time for an EPCRS Submission

[JRG]

I wanted to ask what would be a ballpark estimate of the time it takes to draft and prepare a streamlined EPCRS submission (generally speaking to predict an attoney's fees). I know there are a few that take much longer due to getting information from an employer of investment manager...., but what is a range for most of them? Also, what is the longest one it took you to prepare?

Thanks.

[Bill Presson]

It generally takes us 2-3 hours.

[Guest Eric A]

It really depends on the Appendix F Schedule that needs to be filed. Filing a Schedule 1 for an interim nonamender failure takes about an hour or two. But, if you need to file a Schedule 2 for a plan that hasn't been updated since ERISA, then you're looking at a much larger chunk of time.

[Guest 409 eh?]

Keep in mind the extra time for preparing the determination letter application, which is often necessary if you have a nonamender issue.

[J Simmons]

My experience comports with all three of the prior responses to the OP in this thread.