Get Section 127 Plan Document Template

Filling out the Section 127 Plan Document Template is an essential step for dealers looking to provide educational assistance to their employees. This guide will walk you through the key components and steps necessary to complete the form accurately and efficiently.

Follow the steps to complete the Section 127 Plan Document Template online.

1. Click the ‘Get Form’ button to obtain the form and open it for editing.
2. Fill in ‘The [Name of Dealer] Section 127 Educational Assistance Plan’ title at the top of the document. Make sure to replace '[Name of Dealer]' with the full legal name of your company.
3. In Article I, provide a clear establishment date for the plan by completing ‘January 1, 20___’ with the appropriate year.
4. In Article II, outline the specifics of the education courses to be offered, including any relevant details about the contract with Strayer University.
5. Complete Article III by identifying eligible employees. Fill in the space for the number of hours part-time employees must work to qualify for participation in the plan.
6. In Article IV, define the educational assistance and covered costs to be provided under the plan. Ensure clarity in describing what constitutes educational assistance.
7. Review the tax consequences outlined in Article V. It is crucial to understand the implications for any participant receiving benefits exceeding $5,250.
8. Identify the Plan Administrator in Article VI and specify the company or person who will manage the plan.
9. In Article VII, clarify how eligible employees will be notified about their participation in the plan.
10. Complete Article VIII by reviewing the miscellaneous provisions, including funding and applicable law sections, and ensure they reflect your company’s practices.
11. Finally, fill in the adoption date and sign off with the proper governing board name and date at the end of the document.
12. Once all sections are filled out, review the document for accuracy. Users can then save changes, download, print, or share the form as needed.

Complete your Section 127 Plan Document Template online today!