Tag Archives: Rev. Proc. 2011-49

Target Benefit Plans: On the Edge of Extinction

One of the more interesting effects caused by the IRS’ elimination of the National Sponsor category in Rev. Proc. 2011-49 may be the projected elimination of pre-approved target benefit prototype and volume submitter plans. While some of you may be … Continue reading

Posted in Determination Letters, IRS | Tagged , , | Leave a comment

ESOP/KSOP Determination Letter Backlog Here to Stay (for now)

I was fortunate to attend the IRS phone forum on ESOP determination letters last Friday. The webinar was very good. The IRS addressed a number of outstanding issues, and provided some handy tips. First, the IRS acknowledged that there is … Continue reading

Posted in Determination Letters, ESOP, IRS | Tagged , , , | Leave a comment

IRS Extends Plan Document Deadline to Jan. 31, 2012

The IRS released Rev. Proc. 2011-49 today (Oct. 5, 2011). Rev. Proc. 2011-49 is the update to Rev. Proc. 2005-16, and officially supersedes Rev. Proc. 2005-16. Rev. Proc. 2005-16 contained the specifics on applying for EGTRRA opinion/advisory letters during the … Continue reading

Posted in 401(k), Determination Letters, IRS, Restatements | Tagged , , , , | Leave a comment