IRA Plan Agreement: Model vs. Prototype
When your organization first began offering IRAs, you decided to use either the IRS model document or a prototype document as your required IRA plan agreement. Now – with the IRS expected to release new IRA model documents soon – you may want to revisit that decision to make sure it is still the best one for your organization. Knowing the difference between the model and prototype, and the pros and cons of both, may help.
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