Intending to Implement (& Fund) a Qualified Plan by Year-end?

If you are working with business owner clients to implement (and fund) a qualified plan by year end, note that you will need to have all documents submitted to your TPA (in good order) no later than October 31^st.

While the SECURE Act allows your business owner client the ability to implement employer funded qualified plans (Profit Sharing, Defined Benefit, etc.) up until your client’s tax filing deadline, due to TPA constraints, if you wish to have the plan implemented and funded prior to December 31^st you’ll need to have all documents submitted to your TPA by October 31^st.

For more details on how to implement a qualified plan, please refer to

Advanced Markets Digital Playbook on
QUALIFIED RETIREMENT PLANS