"This one-year extension is important as we still do not have updated IRA model forms (last revised in 2017), updated 'LRM' (List of Required Modifications) language (generally last updated in 2010), or an open opinion letter program. Although the rollout of Trump Accounts, which are based on traditional IRAs, raised expectations that there would be a push to finalize model language, it appears that the extension is necessary after all. SIMPLE IRA plans (and SIMPLE IRAs) have a number of changes to address, including the new Roth SIMPLE IRAs[.]"  MORE >>