In two recent pronouncements, the IRS issued plan document guidance for pre-approved defined contribution plans being restated for the Pension Protection Act of 2006 (Announcement 2014-16), as well as 403(b) arrangements (Revenue Procedure 2014-28). According to the latest ASPPA asap, written by Richard A. Hochman, the guidance is a mixed bag.
For DC plans, the IRS announced the opening of the 2-year window for employers to amend and restate their plans. For 403(b) arrangements, the document deadline has been delayed another year. until April 30, 2015. Click HERE to view the ASAP in its entirety.
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John Iekel is Senior Writer and Editor of the ASPPA Net and NTSA Net portals.
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