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Procedures for Tracking Required Plan Amendment Compliance for Individually Designed Retirement Plans
Foley & Lardner LLPLink to more items from this source
Nov. 18, 2021

"Faced with the need to demonstrate compliance with required amendments to auditors and other third parties on an ongoing basis, some employers have adopted a procedure, which uses the 'self-help' resources established by the IRS in Revenue Procedure 2016-37 ... [Y]ou can begin now with the 2020 plan year by reviewing your plan against IRS Notice 2020-83 and the current updated Operational Compliance List and documenting the results."

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