Profit Sharing Plan and Retroactive Amendment


As a follow-up to last month’s blog on the benefits of retroactively establishing a profit-sharing plan, the Secure Act 2.0 also gives retirement plan sponsors the ability to retroactively amend their existing plans to increase plan benefits as long as the plan is amended prior to the filing of the entity tax return.   This added flexibility provides additional tax planning opportunities for plan sponsors.  For more information on how you can maximize your company retirement plan for you and your employees, contact the Innovative Investment Fiduciaries team at (856)-242-3328 or email

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