Common use of Multiple Employer Plan Clause in Contracts

Multiple Employer Plan. Note: The IRS has not reviewed the provisions of this Article 10, and the Employer cannot rely on the Advisory Letter with regard to the qualification of the Plan under Code §403(b). The Practitioner does not represent that this Article 10 meets the requirements of applicable law and bears no responsibility for any actions of the IRS related to Article 10. The Employer must consult an independent tax advisor prior to selecting Election 45(b).