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Wolters Kluwer’s Unveils Cycle 3 Defined Benefit and Cash Balance Restatement Documents

— August 17, 2023

User-centric templates help minimize the cost of compliance and enable new efficiencies during the restatement process.

New York, NY  Clients of Wolters Kluwer Legal & Regulatory U.S. can now access new Cycle 3 Defined Benefit and Cash Balance retirement plan documents available via, Wolters Kluwer’s leading provider of software and services to retirement plan service providers.

“’s Cycle 3 documents boast unrivaled flexibility for benefit formulas in Cash Balance plans, including the ability to specify opening account balances by group and provide automatic increases for pay credits,” said Charles A. Brown, Actuarial Director for Wolters Kluwer’s “Our cloud-based compliance software’s integration with the documents reduces both duplicative data entry and costs throughout the process, providing increased efficiency and profitability to our customers.”’s recently announced Cycle 3 Defined Benefit and Cash Balance plan documents feature an IRC 401(a)(26) failsafe provision that automatically minimizes the cost of compliance to the lowest dollar amount possible. Additionally, those documents facilitate a method for matching pay credits to the IRC 415 limit and new death benefit options to better accommodate insurance in plans. Pre-approved retirement plan documents need to be restated every six years to incorporate IRS-mandated language related to new legal or regulatory developments. 

The IRS window for the pre-approved Defined Benefit and Cash Balance plans extends until March 31, 2025. Retirement plan service providers who are not currently using for Defined Benefit or Cash Balance documents can convert their current PPA plans over to the new Cycle 3 documents and take advantage of the integration between the software’s document module and Defined Benefit Compliance software for 2023 administration. outfits clients with modern, cloud-based software that includes a new Plan Design Summary (PDS) tool enabling a more efficient proposals and the restatement process, as well as government forms, retirement plan documents and reporting and distribution tracking.

About Wolters Kluwer

Wolters Kluwer logo courtesy of Wolters Kluwer.
Wolters Kluwer logo courtesy of Wolters Kluwer.

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. 

Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. 

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