Plan Restatement Services: Accurate, Compliant, On Time
Restating retirement plan documents is a regulatory requirement — and a massive administrative lift. Whether it’s a mandatory IRS restatement cycle or a voluntary plan amendment, ensuring each plan is accurately restated, reviewed, and communicated is critical to compliance and plan integrity.
Congruent’s Plan Restatement Services provide the end-to-end support you need to manage the volume, complexity, and deadlines — without overloading your internal teams.
The Challenge: High Volume, High Stakes
– Mandatory Restatement Cycles: Every six years, the IRS requires all pre-approved plans to be restated — most recently under the Cycle 3 deadline.
– Complex Provisions: Each plan is unique, and capturing the right provisions — eligibility, vesting, matching, loans — requires domain expertise.
– Client Coordination: Gathering approvals, resolving document gaps, and tracking signatures adds layers of effort.
– Resource Bottlenecks: During restatement windows, internal staff are overwhelmed by the volume and time sensitivity.
The Solution: Congruent’s Plan Restatement Services
We help TPAs, recordkeepers, and plan sponsors manage the entire restatement process — accurately, efficiently, and at scale.
How We Help:
– Document Preparation: Generate updated plan documents and required notices using platforms like ftwilliam.com, Relius, or ASC.
– Provision Mapping: Review prior plan documents and ensure all provisions are accurately carried over and compliant.
– Client Coordination: Support with collecting sponsor approvals, tracking signatures, and distributing final documents. (To be confirmed by Vijay)
– Quality Assurance: Each restatement undergoes review by experienced retirement professionals to ensure accuracy and completeness.
Scalable Support: Our trained teams help manage volume spikes, enabling you to meet restatement deadlines across hundreds or thousands of plans.
Why Congruent
With over 20 years of experience in the U.S. retirement industry, Congruent has helped leading providers navigate every restatement cycle with confidence. We combine deep domain knowledge with technology-enabled workflows to deliver consistent, high-quality results.
Outcome: Confident Compliance. Happy Clients.
– On-time restatement delivery across all plan types
– Reduced strain on internal resources
– Minimized errors and rework
– Improved sponsor satisfaction and retention
