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In Announcement
2020-7, the Internal Revenue Service (IRS) announced
employers deadline by which to adopt new plan documents
related to Notice
2017-37. The new announcement informs employers that maintain
defined contribution plans (e.g., 401(k) plans, profit-sharing
plans, and money purchase plans) through the adoption of IRS
pre-approved plan documents that they have until July 31, 2022, to
adopt the new pre-approved plan documents restated as a result of
the changes to the Notice 2017-37 requirements regarding retirement
plan qualification, generally known as the 2017 Cumulative
List.
401k Plans Using Pre-approved Plan Docs Must Be Restated natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.