In its recent newsletter to retirement plan sponsors, the IRS reminded employers that use preapproved defined benefit plan documents that they have until April 30, 2012, to sign and date documents that have been updated for EGTRRA, to be eligible for retroactive remedial amendment and reliance. Failure to adopt an updated defined benefit plan by April 30 may cause the plan to lose its qualified status. The April 30 deadline also applies to employers who have individually designed defined benefit plans and have signed Form 8905, Certification of Intent to Adopt a Pre-Approved Plan, before the end of the plans?ÃÃ five-year remedial amendment cycle. A copy of the IRS newsletter can be found here.
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Deadline to Adopt Pre-Approved Defined Benefit Plans
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