A volume enrichment plan provides employers with a large number of plan provisions that are authorized by law in a language verified by the IRS. Unlike the master or prototype plan, which offers few options, a volume enrichment plan usually offers hundreds of variations. A supplier who does not use a mass mailing program has different procedural requirements to request a letter of notice. “Essentially identical” plans can be reviewed quickly, even if they are not mass enrichment plans. A “sponsor” is a U.S. company with at least 15 employer clients (by income procedure 2015-36, section 4.07) whose basic reference document from the promoter is reasonably expected to be adopted before the required date. A proponent may seek advice on any number of basic plan documents and adoption agreements, provided that it has at least 30 employer clients overall, which can reasonably be reasonably expected to accept at least one of the proponent`s basic plan documents. The format of a plan approved in advance can be either an acceptance plan or a single document plan. An adoption contract consists of a basic plan document and an adoption agreement. The basic document consists of all provisions that do not have the right to vote and therefore cannot contain options or raw materials for completion by the employer. The adoption agreement contains the options (and gaps) that can be concluded by the employer and is also the place where the employer signs the plan. A single document plan does not use an adoption agreement and its options and alternative paragraphs, which are available to the employer, are included in the single document as a whole. See Section 4 of the 2017-41 Performance Procedure.
A “mass supplier” of a forward-approved plan is a U.S. company that makes submissions on behalf of at least 30 unrelated suppliers who have word-for-word plans for the advance-approved mass enrichment plan. Mass bidders who have met the “30 suppliers” requirement may submit additional applications for suppliers with identical plans and suppliers with “minor modifications” to the mass enrichment plan. In addition, if the mass issuer has additional plans, it can submit applications regardless of the number of suppliers it has for the other plans. See section 4.04 of the 2017-41 income procedure. A “mass applicant” of a VS plan is an American company that, on behalf of at least 30 unaffiliated practitioners, files applications for letters of advice, each sponsoring the same model on a word-by-word basis. THE mass intake of VS is treated as a VS mass unit for all of its sampling plans, provided that the 30 unaffiliated VS practitioners are satisfied with at least one of its sampling plans. (by 2015-36 revenue mode, section 13.06) Mass issuers generally receive expedited processing from the IRS because of the high volume of suppliers they represent and the number of identical or almost identical plans they submit to the IRS.