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March 10, 2021

IRS Increases User Fee for Form 5310

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The IRS issued Revenue Procedure 2020-14, in which they announced an increase in the user fee for Form 5310, Application for Determination for Terminating Plan, from $3,000 to $3,500.

This is effective January 4, 2021.

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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

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