Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

On May 1, 2019, the IRS issued Revenue Procedure 2019-20, which reopens the determination letter program in a limited manner for individually designed plans that are merged plans or statutory hybrid ...

In anticipation of the elimination, effective January 1, 2017, of the five-year remedial amendment cycle system for individually designed plans under the Internal Revenue Service (IRS) Employee Plans ...

The Internal Revenue Service (“IRS”) recently issued guidance on two additional options for sponsors of qualified retirement plans to apply for and receive determination letters on the qualified ...

With the IRS planning to end its determination letter program, retirement plan sponsors will need guidance about what to do. The Internal Revenue Service (IRS) announced in July 2015 its intent to ...

A letter of determination is a letter from the U.S. Internal Revenue Service to the sponsor of a 401(k) retirement plan that indicates that the plan meets legal requirements, complies with the ...

The IRS is limiting its determination letter program for tax-qualified individually designed plans, which affects how and when plan sponsors can request documentation. Chris Collins, a benefits and ...

A letter of determination confirms a retirement plan's tax-advantaged status under ERISA. Employers using pre-approved plans generally don't need a determination letter. A determination letter doesn't ...