IRS Tips for Pre-Approved Retirement Plans

In the latest edition of Retirement News for Employers (available at www.irs.gov/pub/irs-tege/rne_win11.pdf ), the IRS reminds employers of their responsibilities concerning pre-approved plans that have been purchased. The tips include questions to ask with respect to service agreements, understanding the features chosen in adoption agreements, communicating with the plan sponsor and administrator, coordinating with the employer's payroll processor, and periodic reviews of the plan. Additional tools and resources can be found at www.irs.gov/retirement .