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February 16, 2009

Master Plan

Your Guide



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

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.


Keep Learning

Annual Benefit Limit

Definition The annual benefit limit for defined benefit plans is the lesser of: A) 100% of the participant’s average compensation for his or her highest

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