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Plan Qualification

A Qualified Retirement Plan is one that meets the requirements of the Internal Revenue Code, ERISA and the Department of Labor, and thus is eligible to receive certain tax and legal benefits.

For example, the plan must be for the exclusive benefit of employees or their beneficiaries and must meet a number of general requirements such as being permanent (no planned expiration date) and must have periodic required communication of details to employees.

Planmark sponsors several prototype plan documents to meet your specific needs. These documents have been pre-approved by the Internal Revenue Service. This is the process for an individually designed plan – not a prototype.

There are many other requirements, making plan qualification a complicated process; rest assured if you choose Planmark we will make the qualification process will be a smooth one.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you. | (770) 410-4088