27/04/2017 22:59:09

Preeminent ERISA Law Firm, The Wagner Law Group, Receives IRS Approval of its Volume Submitter 403(b) Plan

BOSTON, April 27, 2017 (GLOBE NEWSWIRE) -- The Wagner Law Group, widely recognized as the country’s top ERISA and employee benefits law firm, has again broken new ground by receiving IRS approval of its volume submitter 403(b) plan.  The IRS’s new pre-approved 403(b) plan program represents the first opportunity for tax-exempt 403(b) plan sponsors, such as charitable and educational organizations, public schools, churches and church-related organizations, to bring certainty of compliance to the their 403(b) arrangements. The IRS approval of The Wagner Law Group’s 403(b) volume submitter plan bolsters the firm’s position at the forefront of the 403(b) plan document and compliance realm.

A volume submitter plan is a pre-approved plan that has an IRS advisory letter on which adopters of the plan can rely with respect to the form of the plan, including various options (as described below) that have been subject to IRS review. Since the IRS has never issued determination letters for 403(b) plans (as it has for tax-qualified retirement plans), The Wagner Law Group’s new pre-approved volume submitter 403(b) plan represents an excellent opportunity for sponsors of 403(b) plans to have their plan language approved in advance.

By adopting a volume submitter plan before April 2020, the IRS deadline for bringing 403(b) plans into compliance with relevant IRS regulations that became effective in 2009, a plan sponsor may retroactively correct defects in its plan document back to January 1, 2010 (or, if later, the adoption date of the 403(b) plan).  Eligible employers that failed to adopt a written 403(b) plan document by the end of 2009 now have a unique chance to easily redress that failure, by adopting The Wagner Law Group’s pre-approved 403(b) plan and submitting it to the IRS under the 403(b) Voluntary Correction Program (VCP), to receive a clean bill of health from the IRS.

The Wagner Law Group’s unparalleled volume submitter 403(b) plan has flexible design options to meet the needs of most 403(b) plan sponsor, including the following available features:

  • Pre- and post-tax elective deferrals, and employee contributions;
  • Automatic enrollment including QACAs and EACAs;
  • Various eligibility and service-counting options;
  • Employer matching and discretionary contributions, with several allocation options;
  • Safe harbor matching provisions;
  • Hardship withdrawal and loan provisions; and
  • Various vesting alternatives.

The Wagner Law Group:

The Wagner Law Group has been dedicated to the highest standards of integrity, excellence and thought leadership and is considered to be amongst the nation’s premier ERISA and employee benefits law firms.  The firm’s six offices - Boston, Washington D.C., St. Louis, Palm Beach Gardens, San Francisco and Tampa - provide unparalleled legal advice to its clients, including large, small and nonprofit corporations and individuals and government entities.  Its 27 attorneys combine many years of experience with a variety of backgrounds.  Seven of the attorneys are AV-rated by Martindale-Hubbell and six of the firm’s attorneys are Fellows of the American College of Employee Benefits Counsel.

FOR MORE INFORMATION, CONTACT:

Ari J. Sonneberg

asonneberg@wagnerlawgroup.com

(617) 357-5200

Primary Logo

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
24 May
OMXC25
Fattigdom i DK?   https://www.dr.dk/nyheder/politik/folketingsvalg/se-kort-flest-boern-ramt-af-relat..
26
21 May
VELO
Så er der lidt at læse på. . Se bla.. Purpose: Tacrolimus extended release (TacER) (Envarsus XR®) ha..
21
23 May
VELO
Har modtaget data, som viser en stigning i receptal på 20% siden Januar 2019.  
19
18 May
VWS
Ditlev.. Havde store ambitioner, og store armbevægelser .. Ikke alt gik godt.. Men finanskrisen kan..
18
20 May
PNDORA
Paa trods af et godkendt Q1 regnskab, er aktien faldet som en sten. Markedet er ligeglad med Pandora..
17
22 May
VWS
Vestas secures 44 MW order for V120-2.2 MW turbines with tall tower solution News release from Ves..
16
20 May
DANSKE
Hører på Radio247 at Jyske Bank er indblandet i momssvindel via et par kunder. Penge ud og ind på en..
15
18 May
AMBU-B
Cook Medical er en førende amerikansk medicovirksomhed med en omsætning på ca. 2 mia. usd og aktivit..
14
18 May
VELO
Jeg er meget uenig med dig Munch. For mig er toplinjen klart mest interessant lige nu, for det er de..
14
23 May
VELO
Kære Nikw. Sagen er kort, at data af konkurence hensyn ikke sendes til højre eller venstre. Man kan ..
13

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Gopher Protocol Issues Statement Pertaining to Affiliate Status of Third Party Institutional Investor
2
Gopher Protocol Issues Statement About Recent Stock Trading Activity – Notice to the Public to Rely on Information only Provided by the Company
3
CTSH INVESTIGATION REMINDER: Hagens Berman Reminds Cognizant Technology (CTSH) Investors of Ongoing Investigation, Encourages Investors and Persons With Knowledge to Contact the Firm
4
Bragar Eagel & Squire, P.C. is Investigating AZZ Inc. (NYSE: AZZ) on Behalf of AZZ Stockholders and Encourages AZZ Investors to Contact the Firm
5
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against PriceSmart, Inc. (PSMT)

Latest news


Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
25 May 2019 20:55:32
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190514.2 - EUROWEB7 - 2019-05-25 21:55:32 - 2019-05-25 20:55:32 - 1000 - Website: OKAY