The IRS submission must be completed on Form 5300 (Application for Determination for Employee Benefit Plan). A plan sponsor must provide advance notice of the IRS application to all interested parties ...

Individually designed cash balance plans and other “statutory hybrid” pension plans can be submitted for IRS approval during the 12-month period beginning on September 1, 2019. Individually designed ...

In Revenue Procedure 2019-20, the Internal Revenue Service (IRS) provides for a limited expansion of the determination letter program for certain limited categories of individually designed retirement ...

The retirement plan community got a shock five years ago when the Internal Revenue Service (“IRS”) dramatically cut back its 60-year-old program of providing employers with the comfort of a ...

Beginning September 1, 2019, the IRS will accept determination letter applications on an ongoing basis for individually designed merged plans, provided that the following requirements are met: The ...

All signs point to the IRS expanding access to the determination letter (“DL”) program for individually designed plans in 2019. This would be a welcome move for employers and other plan sponsors, who ...

The Internal Revenue Service (IRS) expanded its individually designed determination letter program to include 403(b) retirement plans in November 2022, before which time 403(b) plan sponsors did not ...

Seyfarth Synopsis: In November 2022, the Internal Revenue Service (IRS) announced in Revenue Procedure 2022-40 an expansion to its Determination Letter Program which for the first time will permit ...

Beginning September 1, 2019, employers that sponsor cash balance plans and certain merged plans can sleep easier. Revenue Procedure 2019-20, issued by the Internal Revenue Service (IRS) on May 1, 2019 ...

The Internal Revenue Service (IRS) has begun accepting determination letter applications for individually designed 403(b) plans. An individually designed 403(b) plan is generally one that is not ...

The IRS has issued guidance (Rev. Proc. 2019-20) expanding the determination letter program for certain individually designed plans. The IRS had previously announced in 2017 that the determination ...

The IRS has issued guidance that for the first time permits companies to apply for determination letters for individually-designed 403(b) Plans. Under the new guidance, determination letters will be ...