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View More Press Releases by Wagner Law Group P.C.

Press release:

The Wagner Law Group Receives IRS Approval of its Volume Submitter Defined Benefit Pension Plan

Issued by: Wagner Law Group P.C.

Date: Apr. 13, 2018

Boston, MA, April 13, 2018 - The Wagner Law Group has received IRS approval of its volume submitter defined benefit pension plan, further bolstering the firm's position at the forefront of the qualified retirement plan document and compliance realm.

A volume submitter plan is a pre-approved document that has an IRS advisory letter on which adopters of the plan can rely with respect to the form of the document, including various options (as described below) that have been subject to comprehensive IRS review. The Wagner Law Group's new pre-approved volume submitter defined benefit pension plan represents an excellent opportunity for sponsors of defined benefit pension plans to have assurance that their plan document language complies with legal requirements.

By adopting The Wagner Law Group's volume submitter defined benefit pension plan, a plan sponsor will have a single, streamlined document, rather than a confusing "check-the-box" adoption agreement and weighty base document, that will be easier to understand and administer. The Wagner Law Group's volume submitter plan has flexible design options to meet the needs of most plan sponsors, including the following available features:
  • Multiple benefit accrual formulas, including a cash balance feature;
  • Various eligibility and service-counting options;
  • A loan provision;
  • Various vesting alternatives; and
  • Numerous optional forms of payment.
Sponsors wishing to adopt a volume submitter defined benefit plan document must do so before the IRS's April 30, 2020 deadline.

As a reminder, the Wagner Law Group received approval of our volume submitter 403(b) plan last year. Sponsors wishing to adopt a volume submitter 403(b) plan must do so before the IRS's March 31, 2020 deadline.

For more information about our volume submitter defined benefit pension plan, please contact Jon Schultze.

View More Press Releases by Wagner Law Group P.C.

This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

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