Remedial Amendment Periods for 403(b) Plans and DB Plans Extended
Plan sponsors now have until June 30 to update their pre-approved and individually designed 403(b) plan documents.
Tag: retirement plan documents
Effective Date for Plan Restatements During the 403(b) Remedial Amendment Period
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Next Steps for 403(b) Plan Sponsors
Now that plan documents will be cleaned up, 403(b) plan sponsors can focus on strategic tasks such as plan design...
IRS Issues 2020 Cumulative List for Pre-Approved DB Plans
Among other things, items on the cumulative list include changes related to the Supreme Court DOMA ruling, hardship withdrawal changes...
Signing and Retaining Plan Documents Is Essential
Following a memo warning retirement plan sponsors of potential disqualification, attorneys offer suggestions for plan document execution procedures.
Deadline for Plan Amendments After Remedial Amendment Period
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Interim Amendment Needed for Hardship Changes in Pre-Approved Plans
Revenue Procedure 2020-9 extends the deadline, applicable to pre-approved plans, for adopting an interim amendment relating to hardship regulations to...
Opinions |
IRS Guidance on Initial and Recurring 403(b) Remedial Amendment Periods
Attorneys with Groom Law Group provide an extensive explanation of the IRS’ new guidance on 403(b) plan remedial amendment periods.
IRS Establishing Recurring Remedial Amendment Periods for 403(b) Plans
Revenue Procedure 2019-39 also provides a limited extension of the initial remedial amendment period for certain form defects.
IRS Expands Determination Letter Program for Individually Designed Plans
The agency will accept determination letter applications for hybrid plans for a certain period and for merged plans on an...
IRS Updates FAQs for Adopting a Pre-Appproved Retirement Plan Document
The web page provides information for retirement plan sponsors who have individually designed retirement plan documents but want to adopt...
ConAgra Brands Faces ERISA Suit Over Interpretation of Plan Document
The complaint argues defendants violated ERISA duties by reinterpreting plan language in a conflicted manner aimed at reducing employer costs.
No Entries in 2018 Required Amendments List
In general, the Required Amendments List includes statutory and administrative changes in qualification requirements for individually designed retirement plans that...
IRS Extends Date for Opinion Letters for Third Remedial Amendment Cycle
The IRS notes that Rev. Proc. 2017-41 modified the pre-approved letter program by combining the master & prototype and volume...
All 403(b) Plan Sponsors Should Focus on Document Remedial Amendment Period
403(b) plan sponsors have until March 31, 2020, to adopt a pre-approved plan document and to make sure their plan...
Retirement Plan Document Basics
A retirement plan consultant and an ERISA attorney offer tips for setting up, maintaining and following retirement plan documents.
(b)lines Ask the Experts – Amending Retirement Plans for Final Disability Regulations
“I administer an Employee Retirement Income Security Act (ERISA) 403(b) retirement plan, and our plan provides for early retirement distributions...
IRS Seeks Input for Determination Letter Program Exceptions in 2019
When the IRS ended its determination letter program, it said it anticipates making exceptions based on program capacity to work...
IRS Extends Remedial Amendment Cycle for Pre-Approved DB Plans
A plan sponsor using pre-approved plan documents to restate a plan for the plan qualification requirements included on the 2012...
2017 Required Amendments List Issued by IRS
The agency began issuing these lists when it ended the determination letter program for individually designed retirement plans.