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February 16, 2009

Master Plan

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Definition

A plan that is made available by a plan sponsor for adoption by more than one employers with all the employers using a single funding medium for plan contributions. The funding medium being a trust or custodial account.

A master plan consists of a basic plan document, an adoption agreement and, unless included in the basic plan document, a trust or custodial account document .

Referring Cite

Revenue Procedure 2000-20

Additional Helpful Information

  • Master plans include those covering self-employed individuals
  • Determination letter requests for master plans are submitted on Form 5307
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