Updated List of Required Modifications for Defined Contribution Plans

The IRS releases its updated list of required modifications for defined contribution plans.

Document Excerpt

This information package contains samples of plan provisions that have been found to satisfy certain specific requirements of the Internal Revenue Code, taking into account changes in the plan qualification requirements, regulations, revenue rulings, and other guidance in the 2017 Cumulative List of Changes in Plan Qualification Requirements (Notice 2017-37, 2017-29 I.R.B. 89). Such language may or may not be acceptable in different plans depending on the context in which used. For example, some language may not be required in a non-electing church plan or government plan. We have prepared this package to assist Providers who are drafting or redrafting plans to conform to applicable law and regulations, and we hope that it will be a key factor in enabling us to process and approve Pre-approved Plans more quickly.

Link

https://www.irs.gov/pub/irs-tege/dc_lrm1017.pdf

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