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403(b) Plans May Apply for IRS Determination Letters Starting Next June
PLANSPONSOR; free registration may be required Link to more items from this source
[Guidance Overview]
Nov. 9, 2022

"Under Revenue Procedure 2022-40 the determination letter process will now become available to 403(b) plans.... It will streamline the process of plan adoption and make it more similar to the process for qualified retirement plans, like 401(k) plans.... [T]hough this is 'good news for many,' those sponsors of long-standing 403(b) plans that seek determination letters may have long-standing flaws revealed as part of the process."

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