Nonstandardized Plan

Definition

A "nonstandardized plan" is a Master&Prototype ( M&P) plan that is neither a standardized plan nor a nonstandardized safe harbor plan.

Nonstandardized plans may impose stricter eligibility requirements  and vesting schedules thant standardized plans

Referring Cite

Revenue Procedure 2005-16

Additional Helpful Information

  • An employer that sponsors a standardized plan may need to apply for its own determination letter