The Internal Revenue Service requires you as a retirement plan sponsor to periodically amend and restate your Putnam Fiduciary Trust Company Prototype Defined Contribution Plan documents for changes in federal law. This must be completed by April 30, 2016.
Fill out the Adoption Agreement document you received in the mail as soon as possible. These documents are known as the Putnam Fiduciary Trust Company Prototype Defined Contribution Plan.
To meet the deadline, make sure the Adoption Agreement is signed, dated, and available for inspection by your employees, or other interested parties, by April 30, 2016.
Be sure to have a copy of your current Plan Document or Adoption Agreement on hand when completing your new Adoption Agreement. If you need a copy, please call us at 1-800-662-0019.
So we can better serve you, please send us a copy of your completed Adoption Agreement right away.
Once you have completed your Adoption Agreement, complete your Summary Plan Description template using the elections you made in the Adoption Agreement. Download a Summary Plan Description template now:
You must update your plan's Summary Plan Description within 210 days after the end of the plan year in which your plan was changed.