The IRS requires all retirement plans to be restated periodically to ensure that a plan accurately reflects current regulations and legislation. The current round of restatements is referred to as the “PPA restatement” and applies to employers using pre-approved 401(k), profit-sharing, or other defined contribution plan documents. These pre-approved plans receive approval in advance from the IRS that the provisions comply with the law and regulations.  Employers must complete and sign this restatement by no later than April 30, 2016. Restating your plan is an important part of maintaining your plan’s favorable tax status with the IRS. This restatement is also an opportunity for employers to review their plans. The restatement should accurately reflect current plan provisions. Employers may want to consider whether certain provisions in an existing plan need to be changed to meet their needs and incorporate these changes with their PPA restatement document. If Nyhart provides document services for your defined contribution plan, you may have already received your PPA restatement.  If you have not received your PPA restatement yet, Nyhart will be sending it during 2015.  If you have any questions about this process, including questions about any changes you may want to make, please contact your Nyhart consultant.