It’s Time to Restate Your Defined Benefit Plan Document

Every retirement plan requires a formal written document to define its operations. When new laws affecting retirement plans are passed, regulatory agencies update these requirements, and plans must incorporate the changes through a restatement process.

The PPA Restatement Deadline

If your Defined Benefit plan is based on a pre-approved prototype or volume submitter document, it follows a six-year restatement cycle. This cycle aligns with changes introduced by the Pension Protection Act (PPA) of 2006, and the current deadline to restate is April 30, 2020.

Our goal is to complete your plan’s restatement well before this deadline, ensuring compliance with the latest regulations. We will provide additional information on the restatement process, including associated costs.

As always, feel free to reach out with any questions or to discuss how we can support your retirement plan goals.