IRS backs off on proposed nondiscrim regs

[Tom Poje]

must have been a lot of complaints from certain higher-ups.


https://www.irs.gov/pub/irs-drop/a-16-16.pdf

the announcement describes things this way:

Following publication of the Proposed Regulations, the Treasury Department and the IRS have given additional consideration to the potential effects of the provisions that would modify §§ 1.401(a)(4)-2© and 1.401(a)(4)-3© on the adoption and continued maintenance of qualified retirement plans with a variety of designs and have concluded that further consideration will be needed with respect to issues relating to those provisions. Accordingly, the Treasury Department and the IRS will withdraw the provisions of the Proposed Regulations that would modify §§ 1.401(a)(4)-2© and 1.401(a)(4)-3©.

......

so I guess something is coming eventually, but we don't know what.

[FAPInJax]

It does sound like some of the 'other' interest options are being left in the proposed regulaitons IF they are just pulling those particular issues.