Compliance August 15, 2017

IRS Seeks Suggestions for Presentation About Pre-Approved Plan Program

Last month, the agency announced changes to its pre-approved plan opinion letter program.
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The Internal Revenue Service (IRS) is developing a presentation about the pre-approved plans opinion letter program and would like input about what to include.

Last month, the IRS issued Revenue Procedure 2017-41, which sets forth the procedures for issuing opinion letters regarding the qualification in form of pre-approved plans under Sections 401, 403(a), and 4975(e)(7) of the Internal Revenue Code.

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The presentation will cover:

  • The merger of the “master and prototype” and “volume submitter” programs;
  • Differences between standardized and non-standardized plans;
  • The opinion letter application period for defined contribution (DC) plans; and
  • Other changes made by Revenue Procedure 2017-41.

The IRS invites emails to tege.outreach@irs.gov by 5 p.m. ET on September 1, with any suggestions for this presentation. It notes it is unable to respond to each individual email.

The agency plans to post the presentation to the IRS Video Portal in November.

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