EGTRRA Restatement!!

Periodically, every Qualified Retirement Plan is required by the IRS to be entirely “restated” in order to maintain the tax-qualified status of the Plan. Therefore, all Amendments and changes since the last document revision must be incorporated into a new, approved Plan document. The IRS allows only a limited amount of time to complete this task. APC is prepared for it and ready to begin the restatement of your Retirement Plan.

Following are some questions you may have . . . . . . . .

“Restatement” --- What does it mean?

Amendments and tax law changes are incorporated into existing qualified retirement plans through new plan documents.

Must my plan be restated?

Yes ---

This is an IRS requirement to maintain the tax-qualified status of all Qualified Retirement Plans in the U.S.  

Wasn’t this just done recently?

The last restatement (referred to as “GUST”) was completed between 2001 and 2003.

When will this restatement take place?

The IRS requires that restatements be completed by April 30, 2010. APC is working diligently on the project and our goal is to be finished by the end of 2009.

What do I have to do?

Right now ---

Contact your APC Plan Consultant to proceed with the restatement and priority processing of your Plan.