Patricia Neal Jensen Posted May 3, 2022 Posted May 3, 2022 A Non-Electing Church sponsors a Money Purchase plan which needs to be restated for Cycle 3. We understand that there is a newly allowed type of pre-approved plan for this situation under IRS procedures but our current document provider is not offering one. I found some notes published by ASC on such a document but have not located anything else. Does anyone know of a document provider with a pre-approved plan document (exempt from the requirements of Title I) for a Money Purchase plan sponsored by a Non-Electing Church? Thank you! Patricia Neal Jensen patricia.jensen@futureplan.com Patricia Neal Jensen, JD Vice President and Nonprofit Practice Leader |Future Plan, an Ascensus Company 21031 Ventura Blvd., 12th Floor Woodland Hills, CA 91364 E patricia.jensen@futureplan.com P 949-325-6727
mbvs Posted May 4, 2022 Posted May 4, 2022 Hi Patricia - ASC offers a pre-approved Non-Electing Church Money Purchase Pension Plan – Nonstandardized plan type. I'll send you some info.
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