Are You Ready to Restate Your Individual(k) Plans?
By Jennifer Bassett, QKA, CISP, CIP
The countdown has officially begun. On August 1, 2020, all defined contribution plan sponsors—including those with Individual(k)™ plans—can begin restating their pre-approved plan documents.
Preparing for an Individual(k) document restatement can seem overwhelming, but it doesn’t have to be. Ascensus is here to help. With less than a month to go before the Cycle 3 restatement begins, this is the perfect time to think about transitioning your Individual(k) plan block of business to Ascensus.
Let Ascensus Do the Work for You
As a full-service document provider, Ascensus offers recordkeeping, document sponsorship, document copyrights, and document customizations. In addition, Ascensus’ Employer Direct Document Service (EDDS) can help meet your Individual(k) plan restatement or new business document needs.
Through EDDS, Ascensus can transition your block of plans—including Individual(k) plans—to Ascensus as the pre-approved document provider. As the pre-approved document provider, Ascensus will take care of the amendment, restatement, and plan establishment process for all of your current and future employer plan clients. Ascensus’ EDDS is an affordable, total document solution, offering Individual(k), 401(k), profit sharing, or money purchase pension plan documents, that will relieve the burden associated with document provider services—particularly during the Cycle 3 restatement.
Don’t Wait Any Longer
Time is running out. But don’t worry, we’re here to help. This is a great time to see if EDDS can help solve your Individual(k) plan issues.
Individual(k)™ is a trademark of Ascensus, LLC.
