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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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IRS No Longer Issuing Rulings on Spin-Term DB Plan Reversions
Mercer [Guidance Overview] June 27, 2022 "[Rev. Proc. 2022-28] doesn't explain exactly why it will no longer issue letter rulings under these circumstances. The agency may hope to discourage transactions specifically designed to circumvent restrictions on DB and DC plans, and instead limit rulings to reversions after complete termination of a DB plan. However, employers undertaking a spin-term don't need IRS approval[.]" |
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