Save time with our cheat sheets, fact sheets, checklists & books!

April 18, 2009

Plan Document

Your Guide

The document that provides the rules that govern the terms and conditions under which a retirement account is operated.
  • Employer sponsored plans generally have a Basic Plan Document, which provides an explanation of the terms and conditions under which the plan must operate, in order to remain in compliance with regulatory requirement
  • The plan document for IRAs is often referred to as the IRA Agreement, and is usually accompanied by the disclosure statement.
Referring Cite
Treas. Reg. 1.408-6, IRC § 401(a)
Additional Helpful Information
An employer that adopts a pre-approved prototype plan document, and makes changes to the underlying plan document may be considered to have adopted an individually designed plan depending on the changes made and subject to the amendment rules of an individually designed plan.

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


Definition A deduction is a Tax write-off which is allowed for contributions to traditional IRAs or employer sponsored plans. Individuals who are active participants are

Annual Addition Limit

Definition The annual Addition limit is the maximum amount that may be added to a defined contribution plan on behalf of a participant for any

SIMPLE 401(k) Plan

Definition A SIMPLE 401(k) plan is a 401(k) plan  established by a small business for it’s employees. Earnings accrue on a tax-deferred basis and distributions

Salary Deferral Contribution

Definition A contribution made pursuant to a participant’s election to have a portion of his/her salary/wages  contributed to his/ her employer sponsored plan  rather than

Be among the first to know when

IRA Rules