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

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
25 Jun
BAVA
Oven på en rigtig god fredag hvor vi nået 395 som er det højest kursniveau i nyere tid var det for m..
46
21 Jun
BAVA
Men hvis man ikke efterrationalisere mere end, "nå", så er der da gode penge at hente i bankerne, ve..
27
15:57
 
Grotesk og en hån mod alle os skatteydere. der troligt betaler vores skat, med god vilje og i tillid..
26
24 Jun
ZEAL
Tirsdag den 7. febuarar i år udsendte det amerikanske National Institute of Health  (NIH) en pressem..
26
22 Jun
VELO
Må sige at det er ekstremt svært at finde ud af hvad Veloxis har at byde på, og om der er gode mulig..
19
23 Jun
BAVA
Jeg kan se at nogle vælger at sælge lidt ud - det kan jeg for så vidt godt forstå - jeg vil dog uænd..
18
25 Jun
VWS
"Men den arabiske halvø er nok ikke der de regner med at sælge vindmøller."   Der er mange indlæg, h..
17
21 Jun
BAVA
Fra 0,77% til ca. 0,4%.   Derfor faldt den ikke tilbage i går. De har købt ca 120.000 aktier.   Det ..
15
21 Jun
VWS
Aarhus, Danmark, 2017-06-21 16:17 CEST (GLOBE NEWSWIRE) --     I forbindelse med at OOO Fortum Energ..
14
22 Jun
VWS
Vestas, vil være foran de andre, med at kunne sænke prisen før og hurtigere - godt at se de hele tid..
11

Alliance Trust PLC : Transaction in Own Shares

14/06/2017 07:00:13
14 June 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 13 June 2017 the Company purchased for cancellation 209,000 ordinary shares of 2.5p each at a price of 708.0748p per share.  Therefore, the total number of voting rights in the Company is now 354,575,762.    The above figure (354,575,762) may be used by shareholder..

Majedie Asset Management Ltd : Form 8.3 - TESCO PLC

13/06/2017 15:20:46
FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")   1.         KEY INFORMATION   (a) Full name of discloser: ..

Quarterly Update for the Quarter to 30 April 2017

13/06/2017 12:50:10
13 June 2017 ICG Enterprise Trust Plc Quarterly Update For the quarter to 30 April 2017 Highlights Share price Total Return1 of 5.7% for the quarter and 39.9% for the 12 months to 30 April 2017 Net asset value per share Total Return1 of 0.6% for the quarter and 19.9% for the 12 months The Portfolio1 is valued at £54..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Successful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space
2
Altice NV in exploratory discussions with Prisa concerning a possible formal offer for Media Capital
3
NATIXIS :Natixis and Dalenys join forces in payment solutions for retailers and e-commerce
4
INNATE PHARMA : Results of Annual General Meeting and changes to Innate Pharma's governance and management team
5
ABLYNX INITIATES A SINGLE AND MULTIPLE DOSE PHASE I STUDY OF CAPLACIZUMAB IN HEALTHY JAPANESE SUBJECTS

Buy and sell signals

  • Trend
  • Moneymachine
Version: LiveBranchBuild_20170623.1 - EUROWEB6 - 2017-06-26 22:42:14 - 2017-06-26 21:42:14 - 1000 - Website: OKAY