Thinking About Converting Your Individually Designed Retirement Plan? IRS Seeks Comments On Easing the Conversion Burden To Pre-Approved Plans
Authors: Shaylor Steele and Joe Yonadi
On September 16, in an effort to temper the anxiety that retirement plan sponsors are experiencing with respect to the impending elimination of the qualified retirement plan determination letter program, the Internal Revenue Service (“IRS”) and Treasury Department published Announcement 2016-32 requesting comments on how they can make it easier for sponsors to satisfy qualified plan document requirements.
In particular and due to the increased interest to some plan sponsors, Treasury […]