Can I adopt this plan if we already have a plan?

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• Must the IRS approve the plan?

  An IRS approved prototype or a custom designed plan document must be adopted by each employer. The Wagner Law Group, one of the country’s leading ERISA firms, has prepared a simplified prototype. They will also prepare a customized document if you ...

• Can this be part of our 401(k) plan?

  Yes, it can be, but there are many reasons why a separate plan is probably your best option. We will gladly discuss this with you.

• Can we start the plan anytime?

  The first day of the month is the best time and you can pick any month you want.

• What if we don't get the results we want?

  The plan can be terminated at any time.

• What about annual reporting requirements?

  Broadridge handles annual notices and fee disclosures electronically. The simplified plan structure minimizes ongoing compliance requirements.