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IRS May Develop Pre-Approved Program for ESOP Documents
Wolters Kluwer Law & Business Sept. 25, 2012 "ESOPs are the most backlogged retirement plans being processed at the IRS. [Donald Kieffer, area manager, IRS Employee Plans Determination Letter Program] said that, under current rules, all ESOPs must be individually designed. Historically, there have been lots of problems in the processing of ESOPs, according to Kieffer, and a pre-approved program would help cure this." |
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