The IRS published the Fall 2007 Edition of Employee Plan News today. Within this edition, the IRS confirms that the target date for issuing the EGTRRA opinion/advisory letters to pre-approved prototype and volume submitter plans is March 31, 2008.
This date is important because it kicks off the two-year restatement period in Rev. Proc. 2005-66 for restating pre-approved prototype and volume submitter plans onto the pre-approved EGTRRA documents.
Also in this edition of Employee Plan News, the IRS provides a teaser about creating a determination letter program or a pre-approved program for 403(b) plans, possibly in 2009.
[tags]Pension Protection Act, ppa, pension, retirement, IRS, Rev. Proc. 2005-66, EGTRRA, restatement, prototype, volume submitter, 403b, 403(b), ERISA[/tags]
