Peter Gulia Posted September 4, 2019 Posted September 4, 2019 An employee stock ownership plan was most recently amended in January 2017 (and then included everything through the “2016 Required Amendments List for Qualified Retirement Plans”) . The employer/sponsor/administrator anticipates ending the plan and paying its final distributions in 2019. Beyond stating the discontinuance and termination, is there any plan amendment needed to tax-qualify the plan for its end? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
Peter Gulia Posted September 5, 2019 Author Posted September 5, 2019 Answering my own question: My quick look at the 2017 Required Amendments List https://www.irs.gov/irb/2017-52_IRB#NOT-2017-72 and the Operational Compliance List https://www.irs.gov/retirement-plans/operational-compliance-list suggest nothing is needed. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
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