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[Official Guidance]

Text of IRS Rev. Proc. 2019-20: Expanded Availability of Determination Letter Applicatons (PDF)

"This revenue procedure ... provides for a limited expansion of the determination letter program with respect to individually designed plans. Under this limited expansion, the [IRS] will accept determination letter applications for [1] individually designed statutory hybrid plans during a 12-month period beginning September 1, 2019, and [2] individually designed Merged Plans (as defined in section 5.01(2) of this revenue procedure) on an ongoing basis. As provided by Rev. Proc. 2016-37, a plan sponsor continues to be permitted to submit a determination letter application for initial plan qualification and for qualification upon plan termination. This revenue procedure also provides for a limited extension of the remedial amendment period under Section 401(b) of the Internal Revenue Code and Rev. Proc. 2016-37 under specified circumstances, and for special sanction structures that apply to certain plan document failures discovered by the IRS during the review of a plan submitted for a determination letter pursuant to this revenue procedure."
Internal Revenue Service [IRS]

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David Rhett Baker, J.D., Editor and Publisher
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