IRA Plan Establishment

Improper plan establishment can leave you vulnerable to penalties for noncompliance, as well as owner dissatisfaction. The problem is, the IRS must provide critical language for IRA plan establishment, and they don't always do so on our timelines. So how do you, as trustees or custodians, fulfill your obligation to remain in compliance and provide vital information to IRA owners? This session will explore the documents required to properly establish an IRA and how to keep your IRA owners up to date with current information. It will review the document retention requirements to follow to remain in compliance, as well as identify additional information that is helpful to capture and maintain.