The number one requested item during an IRS or DOL plan audit is the legal plan document and supporting plan amendments.
It is always imperative that the plan be maintained in good standing compliance and all interim amendments are adopted on a timely basis. Additionally, the operation of your plan must perfectly match all definitions and provisions of the plan document. PACE will review the plan document to ensure it is accurate and up-to-date with all current regulatory language, amendments and further review all operational aspects to ensure full compliance.
Plan Documentation Services
- Maintain copies of all signed Plan Documents & Amendments
- If requested, send participants copies of Plan Documents, including Summary Material Modifications
- Sign required plan amendments to keep the plan in compliance