Posts Categorized: Retirement Plans

A Roadmap for the Post-Determination Letter Era

in IRS Examinations, Qualified Plans, Retirement Plans

In July of 2015, the IRS announced that it would end its regular determination letter program for individually designed plans effective January 1, 2017.  At the time of this announcement, many plan sponsors and other interested stakeholders expressed concern about how this seismic change would impact the retirement plan landscape. In several pieces of guidance issued in 2016, the IRS has answered many of the questions as to how the end of the determination letter program will impact qualified retirement plans.  Click here for more information.

End of Determination Letter Program: Nearly a Year Later, the Future is Still Uncertain

in IRS Examinations, Qualified Plans, Retirement Plans

It has been nearly a year since the IRS generated shockwaves in the retirement plan community by announcing its intention to end its regular, periodic determination letter program for qualified retirement plans due to budget constraints. (See our previous posts on the end of the regular determination letter process here and here.) The Advisory Committee on Tax Exempt and Government Entities’ 2016 Report of Recommendations (“Advisory Committee Report”), released on June 8, 2016, shows that the uncertainties caused by the IRS’s announcement have largely been left unresolved. Under the determination letter process, employers can periodically apply for an IRS determination… Continue Reading