However, if you need to apply for a determination letter, use Form 5300, available on the IRS website. To amend a pre-approved plan, use Form 5307 . If you're terminating a plan, use Form 5310 .

Starting in June 2023, the IRS will permit sponsors of individually designed 403(b) plans to request a determination letter for a new plan or for terminating a plan using the same program currently ...

On November 7, 2022, the IRS issued Revenue Procedure 2022-40, which allows certain tax-exempt employers (such as schools, charities, and churches) to apply for IRS determination letters on their ...

On May 1, 2019, however, the IRS announced in Revenue Procedure 2019-20 that it will allow employers to submit two types of individually designed plan documents for new determination letters ...

Historically, determination letters have been regarded as valuable documents by retirement plan sponsors. (Photo: Diego M. Radzinschi/ALM) The Internal Revenue Service is opening new determination ...

For twelve months beginning September 1, 2019 and ending August 31, 2020, the IRS will accept determination letter applications for statutory hybrid plans (e.g., ...

Merged Plan Relief: Rev. Proc. 2019-20, released on May 1, 2019, expands the IRS’ determination letter program for individually designed qualified retirement plans (e.g., ...

In announcing Rev. Proc. 2022-40, the IRS also said to expect more changes to the general determination letter program procedures in 2023. Proskauer Prospective ...

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 many years.

In IRS announcement 2015-19, the agency says it needs to more efficiently direct its limited resources. Effective January 1, 2017, the scope of the determination letter program for individually ...

Last Digit of Plan Sponsor EIN: Determination Letter Application may be Submitted Starting: 1, 2, or 3. June 1, 2023. 4, 5, 6, or 7. June 1, 2024. 8, 9, or 0 ...

If the EIN of the Plan Sponsor ends in: A determination letter application may be submitted beginning on: 1, 2, or 3. June 1, 2023. 4, 5, or 6. June 1, 2024 ...