Request for Basic Plan Doc & AA

[Guest dbj628]

Possible new client, no signed engagement requested a copy of your plan document, adoption agreement and the related IRS determination letter. Has anyone everyone had such a request.

[Mike Preston]

It should probably be done more often. If the possible new client has hired an attorney to let him know whose document is most flexible, wouldn't it take place exactly as you have described?

Of course, you don't need to comply, if you don't want to be in a competitive situation.

[Belgarath]

Yes, although it happens only rarely. They are usually more interested in just seeing proof of the IRS Opinion or Advisory letter (assuming it isn't going to be a custom plan.)

Of all the employers adopting prototype/VS plans I've known of over the years, I think I've only known of the client actually consulting an attorney on a handful. Possible that lots more have done it without my awareness...