Regulatory roundup

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

Required amendments list for qualified retirement plans
The Internal Revenue Service (IRS) released Notice 2017-72, “2017 Required Amendments List for Qualified Retirement Plans.” Pursuant to section 5.05(3) of Rev. Proc. 2016-37, this notice provides that December 31, 2019, is generally the last day of the remedial amendment period with respect to a disqualifying provision arising as a result of a change in qualification requirements that appears on this 2017 Required Amendments List.

To read the entire notice, click here.

Guidance under Section 409A for pre-2009 Section 457A deferrals
The IRS released Notice 2017-75 providing guidance on the application of §§ 409A and 457A. Specifically, this guidance addresses the transition provisions enacted as part of § 457A that generally provide that amounts deferred and attributable to services before January 1, 2009, that would otherwise have been subject to inclusion in income under § 457A, are includible in gross income in the later of the last taxable year beginning before 2018 or the date of vesting. This notice provides that service recipients may accelerate distributions to pay federal and state taxes on amounts includible in 2017 and after without violating § 409A.

To read the entire notice, click here.

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