Regulatory roundup

More retirement-related regulatory news for plan sponsors, including links to detailed information.

IRS posts checklists for retirement plan documents
The Internal Revenue Service (IRS) published checklists for retirement plan documents categorized into subject matter packages that employee plans specialists use when reviewing retirement plan documents. Plan sponsors can also use these packages as a review tool before submitting a determination letter application to the IRS.

For more information, click here.

New guidelines for pension equity plan determination letters
The IRS recently improved its processing of determination letter applications for pension equity plans (PEPs) by training a specialized cadre in “EP Determinations.” It has issued the following procedural guidelines for IRS employees:

• PEP Determinations Worksheet
• Explanation of PEP Plan Issues (corresponds to the Worksheet)
• Memorandum to the EP Determinations PEP Cadre on the PEP accrued benefit (PEP Memorandum)

For more information, click here.


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