But not all retirement plans have access to updating determination letters. In 2017, the IRS ended a program that allowed plans to re-file for determination letters every five years.

Beginning in June 2023, the IRS will allow 403(b) plans to apply for determination and termination letters, similar to 401(a) plans.

The IRS recently reversed course on the availability of the determination letter program for merged qualified retirement plans – thereby providing new alternatives for integrating qualified ...

On May 1, 2019, the Internal Revenue Service (IRS) issued guidance re-opening its storied determination letter program to hybrid plans and certain ...

On October 21 st, the IRS announced changes to its qualified plan determination letter program. Most notably, the program has been expanded to include section 403(b) tax-sheltered annuity plans ...

A favorable IRS determination letter provides assurances to the plan sponsor that the plan document is in compliance with applicable tax laws, the plan sponsor may deduct contributions made to the ...

A letter of determination is a document from the IRS that shows a retirement plan qualifies for tax-advantaged status.

As has been reported by some law firms and certain Internal Revenue Service (IRS) officials, the agency is eliminating the staggered five-year determination letter remedial amendment cycles for ...

The IRS has had a determination letter process for qualified plans under Code section 401(a), like 401(k) and other defined contribution plans, for ...

The US Internal Revenue Service (IRS) recently issued Revenue Procedure 2022-40 to expand the IRS’s determination letter program to include individually designed 403(b) plans. Previously, the ...

The Internal Revenue Service (IRS) has begun accepting determination letter applications for individually designed 403(b) plans. An individually designed 403(b) plan is generally one that is not ...

The IRS has issued guidance that for the first time permits companies to apply for determination letters for individually-designed 403 (b) Plans. Under the new guidance, determination letters will ...