Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)


RPA logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Is This the End of Favorable Determination Letters? (PDF)
Ferenczy Benefits Law Center LLPLink to more items from this source
Apr. 1, 2015
"It is being reported ... that the IRS is seriously considering whether to eliminate the favorable determination letter (FDL) program for all retirement plans. If the current thinking prevails, no FDLs will be available, except at the plan's inception and termination. This would mean that plans that are either individually designed (that is, not written in the form of a check-the-box plus boilerplate document that has been preapproved by the IRS) or for which the preapproved document has been significantly modified, will have no means after the initial year, or before termination, to have the IRS confirm that the language of the plan is acceptable."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.