Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
IRS Expands Determination Letter Program for Certain Hybrid and Merged Plans
Slevin & Hart, P.C. [Guidance Overview] June 4, 2019
"[S]tatutory hybrid plans -- defined benefits plans (such as cash balance or pension equity plans) that typically express a participant's accumulated benefit as the current balance of a hypothetical account maintained for the participant or the current value of an accumulated percentage of the participant's final average compensation -- are permitted to submit an application for a determination letter during the 12-month period beginning September 1, 2019 and ending August 31, 2020.... IRS also will begin accepting determination letter applications from merged plans beginning September 1, 2019. Submissions from merged plans will be accepted on an ongoing basis during an eligibility window based on the date of the merger."
|
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 linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |