DB/CB Plan Administrator
![]() Ingham Retirement Group (Miami FL / Telecommute) |
DC Plan Administrator
Heritage Administrative Services, LLC (Woodbury NY) |
DC Plan Administrator
![]() The Benefit Advantage (Auburn Hills MI / Telecommute) |
Retirement Plan Administrator
![]() Group RHI (Telecommute) |
Defined Contribution Plan Administrator
![]() The MandMarblestone Group, llc (Philadelphia PA / Telecommute) |
Defined Contribution Plan Specialist
![]() Aprio (Alpharetta GA / AL / NC / Telecommute) |
Defined Benefit Plan Administrator
![]() AimPoint Pension (Telecommute) |
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View More Press Releases by Morgan Lewis & Bockius LLP
Press release:
Qualified Plan Opinion Program (QPOP) Launched |
Issued by: Morgan Lewis & Bockius LLP Date: Apr. 28, 2017 |
April 27, 2017 -- Effective January 31, 2017, the Internal Revenue Service (IRS) discontinued its five-year cycle retirement plan tax qualification determination letter program. Under that program, ongoing individually designed plans (IDPs) could obtain a current determination of their tax qualification in form every five years. Now, absent special circumstances to be announced by the IRS at some future date(s), determination letters will only be available to new and terminating IDPs. However, plan sponsors and administrators continue to need assurance of current tax qualification of their plans for credit transactions, corporate acquisitions and divestitures, participant bankruptcies, certain investment vehicles, and annual audits. To respond to this void left by the IRS, Morgan Lewis has launched its Qualified Plan Opinion Program (QPOP). Through the QPOP, we will offer opinions as to whether plans satisfy current tax qualification requirements in form (i.e., the terms of the plan document). Depending on the plan sponsor’s or administrator’s needs, the scope of our opinion can be roughly coterminous with current IRS determination letters or limited to an examination of those plan amendments that have been adopted since the IRS issued its last determination letter. Under the QPOP, we will do the following for plan sponsors and administrators:
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View More Press Releases by Morgan Lewis & Bockius LLP
This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink. |