Required plan amendments and restatements

The IRS requires the following for your Solo 401k:

• Interim amendments, which occur periodically
• Restatements, which occur every 6 years or so

Required by the IRS

These amendment and restatements are issued by the IRS to reflect changes and updates in the laws which govern qualified plans, including your Solo 401k.

When the IRS releases an amendment or restatement, you are required to adopt them in order for your Solo 401k to remain compliant. 

This must be done by the IRS-defined deadline. Restatements, for example, must be adopted within a two-year window after the IRS releases the restatement.

Process for amendments and restatements

The amendment or restatement process is as follows:

• When the IRS releases an amendment or restatement, we, as document sponsor, will process the plan documents for you automatically
• We will email you the amendment or restatement plan documents, for your electronic signature
• You will electronically sign the plan documents
• Once signed, a copy will be automatically emailed to you
• You must keep the signed documents in your file as plan administrator 

By signing and keeping the plan documents, you will have completed the required amendment or restatement for your Solo 401k.