Articles for: Filing Requirements
What happens if I don’t restate my retirement plan?
The IRS requires the periodic restatement of a qualified retirement plan so the document will contain the latest required provisions. Without these required provisions, the document could cause the plan [...]
Key words: Filing Requirements,IRS
What does AFTAP stand for?
AFTAP stands for Adjusted Funding Target Attainment Percentage. The AFTAP is similar to the FTAP with the key difference being the AFTAP takes into account annuities purchased in the prior [...]
Key words: Filing Requirements,Pension
What does FTAP stand for?
FTAP stands for Funding Target Attainment Percentage. The FTAP is a measurement required by the Pension Protection Act of 2006 to determine the financial health of a plan. The FTAP [...]
Key words: Filing Requirements,Pension
Why would I want to file my plan with the IRS to request a favorable determination letter?
The IRS does not require that a plan file for a favorable determination letter (FDL). However, there are a couple of reasons that support the decision to file for an [...]
Key words: Favorable Determination Letter,FDL,Filing Requirements