Get the free Nonstandardized&StandardizedPS/401(k)Plans AvailableNow
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9/10/2020Cycle3DocumentRestatements
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September10,2020
PresentedbyDawnJohnson,SeniorASCDocumentSupportConsultant
SpecialGuests:MonaWilkinsonandRandyBryan
ActuarialSystemsCorporation1Agenda:
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Nonstandardized standardized PS 401(k) plans are retirement savings plans that offer more flexibility in design and features than traditional 401(k) plans, allowing employers to tailor contributions and benefits.
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Employers offering nonstandardized standardized PS 401(k) plans are required to file, particularly if the plan has specific features or exceeds certain contribution limits.
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To fill out nonstandardized standardized PS 401(k) plans, employers need to complete the required forms, including participant data and plan features, and ensure compliance with IRS guidelines.
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Information to be reported includes details about plan contributions, participant information, plan features, and compliance with regulatory requirements.
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