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IRS Resolves Part of the Cross-Testing Individual Classification Issue
The Pension Protection Act Blog
Sept. 4, 2007
Excerpt: In a Special Edition of Employee Plan News, dated August 2007 and released by the IRS on August 28, 2007, the IRS may have resolved at least some of the controversy over cross-testing plan allocations by placing individuals in their own classification group. The Special Edition states that the Retirement Plans FAQ on Pre-Approved and Individually Designed Plan Programs has been updated[.]
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