PowerCPA Posted December 15, 2017 Posted December 15, 2017 Anyone know of plan document software that provides for 401(h) accounts in a money purchase plan? I'm striking out everyplace I've checked. Thanks!
JamesK Posted December 20, 2017 Posted December 20, 2017 Interesting question. Long ago, I amended a few DB plans to add 401(h) accounts. I simply used the regulations as my guide to basically recite the requirements for a 401(h) account, then made the language consistent with the plan document. Other than the fact that I didn't have any sample amendments to work from, I don't think it was all that difficult. I haven't checked recently but the IRS used to publish a checklist that had to be completed when submitting a determination letter request application that included a 401(h) account. Here is an older document that includes the checklist along with a more detailed discussion of the other issues involved:https://www.irs.gov/pub/irs-tege/chap801.pdf
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