10/17/2019
2019 New Plan Document Request Deadline

Submit your completed, signed, and dated Plan Establishment Kit by December 6, 2019, to guarantee a signature-ready adoption agreement by December 31, 2019.

Get a jumpstart on establishing new plans. Beat the year-end rush and meet the plan establishment deadlines for retirement plans.

Ascensus Prototype Document Service

Ascensus, a leading retirement plan solutions provider, will act as the prototype sponsor for your client’s retirement plan. As prototype sponsor, Ascensus will provide a plan document for employers to establish a plan and will provide all required future amendments and restatements.

Service Overview

Prototype Document Sponsor Service
Ascensus will assist employers with plan establishment, amendments, and restatements. Our services include the following features.
  • Customer Service Center – Ascensus will answer any questions regarding the Prototype Document Service between 8:00 a.m. and 4:00 p.m. CT.
  • Simple Process – Employers complete a questionnaire electronically and receive a compliant, signature-ready adoption agreement.
  • Web-Based – Documents are delivered through a secure web portal and employers can sign the documents electronically.
  • Customized Summary Plan Description (SPD) – Employers receive a customized SPD designed to be a read-through document for employees.
  • Compliant Documents – Ascensus reviews every adoption agreement to ensure that it is adequately completed.
  • Automated Payment – Ascensus will send an invoice and deduct the annual service fee from the employer’s account of choice in the year services are established and each January thereafter to simplify the process.
  • Future Compliance – Ascensus provides all amendments required to keep plans in compliance, and works with employers to restate plan documents every six years as required by the IRS.
Voluntary Correction Program (VCP) Service
Ascensus provides this service for employers that use Ascensus’ Prototype Document Service and have failed to timely restate their plan documents for the Pension Protection Act of 2006 (generally required by April 30, 2016) or have failed to amend their documents for other IRS required changes.
 
Through the VCP Service, Ascensus will
  • provide phone consultation on the correction process,
  • ensure plan documents are up-to-date,
  • prepare and submit VCP paperwork,
  • act as power of attorney and communicate with the IRS on the employer’s behalf, and  
  • handle any additional requests for information from the IRS.

Call Ascensus at 866-604-7402 to determine if the VCP Service is available for your plan document correction needs.