Should I apply for a Determination Letter

[fiona1]

For years and years I was on an individually designed plan and in Cycle A. I restated my plan in July of 2011 to comply with the Cycle A cumulative list - and I was intending on applying for a Determination Letter before the 1-31-2012 deadline.

However, in September of this year I decided to restate my plan document to a pre-approved proto document with my service provider.

Do you think there is a benefit of sending my restated individually designed plan to the IRS and applying for a FDL? The fact that I'm now on a pre-approved plan makes me less inclined to file - but maybe I should.

Opinions?

[ETA Consulting LLC]

Interesting. I often wonder about this myself. I think the question is whether there is reliance for a period in which the plan was individually designed; knowing that you'd need a favorable determination letter (or opinion/advisory letter) to be eligible for Self Correction (even though the letters are not legally required).

It may boil down to drawing a line in the sand; having reliance on a determination letter up to the point you moved onto the prototype. This would be the ultimate protection. Is it really worth it? Probably not.

Good Luck!