IRS Announces When to Expect DB Plan Opinion and Advisory Letters

The IRS released Announcement 2018-05 early in March, describing when it expects to begin issuing opinion and advisory letters for master, prototype, and volume submitter (pre-approved) defined benefit (DB) pension plans. 

The IRS indicates that it will issue the letters on March 30, 2018, or as soon after that date as possible. During the period May 1, 2018, through April 30, 2020, the IRS will accept applications for determination letters for those plans eligible to request them. The adoption period for these plans ends April 30, 2020. 

Announcement 2018-05 advises that future guidance will announce a delayed beginning date for the third six-year remedial amendment cycle.

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