"The IRS has just announced (Announcement 2020-7) the key details for the third cycle ('Tricycle') of restatements for preapproved defined contribution plans.... This will begin the formal restatement process. Employers who previously adopted a prototype or volume submitter defined contribution plan, or who wish to migrate from an individually designed plan to a preapproved plan, must restate their document onto a Tricycle preapproved document by no later than July 31, 2022."  MORE >>