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The IRS Giveth ... and the IRS Taketh Away (PDF)
Ferenczy Benefits Law Center LLP
[Guidance Overview] Feb. 3, 2016
"[T]he IRS has finally given permission for plan sponsors to adopt many -- if not most -- types of amendments to safe harbor 401(k) plans during the plan year.... [But in] a recent set of proposed regulations ... nominally intended to provide nondiscrimination relief for certain 'closed' defined benefit plans, the IRS proposes to make general nondiscrimination testing in DC plans harder to pass. The proposal will limit the availability of the 'each participant in his or her own group' method of determining profit sharing allocations, if the average benefit percentage test is to be used."
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