Nyhart’s in-house legal department composed of ERISA attorneys are highly skilled and practiced to draft retirement and cafeteria plan documents for clients.  Please note that Nyhart is not licensed to practice law.  We advise clients to have their outside counsel review the documents we prepare.

Taking over a retirement plan

For takeover retirement plan clients, we begin our work by looking at the current plan document and amendments, including:

• Conduct an inventory of current documents to determine whether all required amendments been prepared and signed on time.
• Assist with the IRS’s voluntary correction program filing, if needed, to avoid the possibility of plan disqualification.
• Create electronic copy of signed plan documents and amendments for easy retrieval as needed.

New plan document drafting

After our experts consult with a client on the appropriate plan design, our Plan Document Services Team prepares the needed plan documents, including:

• Plan document and required amendments, if applicable
• Summary Plan Description (SPD)
• Adopting resolution

Ongoing Plan Document Services

We monitor the plan document requirements for clients and advise them when changes are required.  Our ongoing plan document services include preparation of:

• Plan restatement and revised Summary Plan Description (SPD)
• Plan amendment and Summary of Material Modification
• Adopting resolution  IRS Determination Letter Filings for Qualified Retirement Plans

Many clients want to file their plan with the IRS for an individual determination that the plan complies with all requirements for a qualified plan.  We provide the following services related to the IRS determination letter filing:

• Prepare of required IRS forms (Form 5300, Form 5307 or Form 5310) and participant notice
• Represent the plan sponsor before the IRS if any questions arise during their review of the filing
• Prepare any amendments required by the IRS for the plan to receive a favorable determination letter

Why Nyhart?

Nyhart provides employee retirement plan document review services to organizations across the country.  We reduce administrative complexity and provide cost effective services they can trust.

Dedicated teams, direct access

Each client at Nyhart has a dedicated team of actuaries, plan advisers and support staff. We provide you direct access to your team so your questions and issues can be handled confidentially by a team who knows your plan and can help resolve your issues.

Ask Nyhart

Do you have a plan document question? Please call us at (317) 845-3500 or email us at connect@nyhart.com today and we will be in touch quickly.