Ah, December! Logs are crackling in the fireplace, hot chocolate’s on the stove, and our printers are churning out plan documents. Truly the most wonderful time of the year!
Remember that a tax-qualified plan document needs to be prepared and signed by December 31 to allow for deductible 2018 contributions. Those contributions can be deposited later (generally as late as next September 15), but the plan document has to be in place by year-end. There’s still time (as of this writing) for that to happen, but you’ll need to move fast!
Don’t get left out in the cold! Contact an IAI consultant today for a free feasibility study. You’ll be glad you did when tax season rolls around!