Peter Gulia Posted June 30, 2021 Posted June 30, 2021 As service providers get more experience with choices users of IRS-preapproved documents make in using those documents, here’s two questions I’d like to crowd-source: What percentage of users add an “administrative” provision beyond what’s in the standard documents? What percentage of users add an arbitration provision? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
AbsolutelyOkayPossibly Posted June 30, 2021 Posted June 30, 2021 In my experience service providers offering a mix of 3(16) and 3(21)/402(a) services include the provisions more so than non-fiduciary service providers.
Peter Gulia Posted July 1, 2021 Author Posted July 1, 2021 AbsolutelyOkayPossibly, thank you for your help. Any more observations: Do employers that are users of a preapproved document add provisions beyond those one may choose in an adoption agreement? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
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