Peter Gulia Posted April 4, 2016 Share Posted April 4, 2016 In mid-September 2015, a lawyer received a form letter confirming that the IRS had received her client's application, on Form 5307, for a determination. (The plan has modest variations from an approved volume-submitter document.) The IRS's letter states: "You may normally expect to hear from us within 145 days." Is 145 days normal or realistic? Now that more than 200 days has elapsed (without any further communication), should the lawyer contact the IRS? Or should the lawyer wait until something more like a year has elapsed? I'd appreciate your sharing of experiences and suggestions. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
GMK Posted April 4, 2016 Share Posted April 4, 2016 "days" may mean government business days, which could push it well past 200 calendar days.I generally figured on 2 years for our ESOP document.If needed, there's this:https://www.irs.gov/Retirement-Plans/Determination,-Opinion-and-Advisory-Letter-for-Retirement-Plans-Check-the-Status-of-Your-Letter Link to comment Share on other sites More sharing options...
Belgarath Posted April 4, 2016 Share Posted April 4, 2016 Don't file for many d-letters these days. Although I'm by no means surprised at the timeframe, I'd certainly contact the IRS to inquire. Last one we filed was a 5300 for a Defined Benefit plan, and we got approval (without even a comment or question, which was a surprise) in app. 8 months. Link to comment Share on other sites More sharing options...
Peter Gulia Posted April 4, 2016 Author Share Posted April 4, 2016 Thank you both for your help. The chart on the webpage GMK points to suggests that an application on Form 5307 has the lowest priority in getting assigned to a specialist. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com Link to comment Share on other sites More sharing options...
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