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Maintain Your Plan Document Without Per-Event Costs

A retirement plan’s governing document is not a set-it-and-forget-it item. Tax law changes, regulatory updates, and IRS restatement cycles all require plan documents to be updated on a regular basis. Additionally, as company needs change, amendments may be beneficial. How you handle those updates has real cost implications for plan sponsors.

RPG offers an optional Document Maintenance Program that covers ongoing plan document work for a low and predictable quarterly fee.

The Program Includes

Preparation and delivery of all IRS-required plan restatements within the applicable remedial amendment cycle

Interim amendments required by legislative or regulatory changes, including SECURE 1.0, SECURE 2.0, and future IRS-mandated statutory updates

Discretionary amendments requested by the plan sponsor

Tracking of all applicable plan document deadlines, with proactive notification to the plan sponsor

IRS opinion letter reliance coordination for pre-approved plan documents

What’s Not Included

The program covers IRS pre-approved plan documents only. It does not include individually designed plan documents, legal opinions, IRS or DOL audit representation, or document work related to plan mergers, spin-offs, or terminations.

Better Budgeting, No Surprises

Without document maintenance coverage, restatements and amendments are billed separately as they occur. A full plan restatement can run $1,500 to $2,500. Discretionary amendments are billed per event. For plans that go through multiple legislative cycles, those costs add up.
The Document Maintenance Program replaces those variable costs with a fixed fee. Advisors often find it easier to explain this structure to plan sponsor clients because the cost is predictable and the document is always current.

It’s all about choice.

Enrollment is a choice, not a requirement. Plan sponsors who prefer to handle restatements and amendments on an à la carte basis are welcome to do so.

Questions?

Please contact us for more information.