Pension Rights Center
Nicholas Pension Consultants
RTD Financial Advisors
Plumbers Local Union No. 1 Benefit Funds
Retirement Industry Trust Association (RITA)
Kentucky Trust Company
Loren D. Stark Company
Farmer & Betts, Inc.
Retirement Plan Consultants
EPIC Retirement Plan Services
Hochheiser Deutsch & Co, Inc.
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|Recordkeeping Platforms Want Right to Approve Trust Provisions in Restated Plan Documents|
BenefitsLink Message Boards
Apr. 19, 2021
"This week, we received notifications from a couple of vendors/recordkeeping platforms saying that, because trust provisions are no longer in the IRS pre-approved documents, we need to notify them (the vendor) and send them a copy of the PROPOSED plan restatement provisions, at LEAST 30 days prior to sending them a copy of the restated plan. And these are plans where the employer is the Trustee, or it's a corporate Trustee. My feeling: If they have a problem with it, we can amend the plan, or the employer can find another vendor if the vendor won't handle the employer's desired provisions, if it's important enough to the employer. Are other TPAs getting these requests?"
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