IRS Announces That Opinion and Advisory Letters for Pre-approved Defined Contribution Plans Will Be Issued on March 31, 2014 | Practical Law

IRS Announces That Opinion and Advisory Letters for Pre-approved Defined Contribution Plans Will Be Issued on March 31, 2014 | Practical Law

In Announcement 2014-16, the Internal Revenue Service (IRS) announced it will issue opinion and advisory letters for pre-approved defined contribution plans amended according to the 2010 Cumulative List and filed with the IRS during their second submission period. The IRS also announced that it will accept applications for individual determination letters from employers under the second six-year remedial amendment cycle for pre-approved defined contribution plans. 

IRS Announces That Opinion and Advisory Letters for Pre-approved Defined Contribution Plans Will Be Issued on March 31, 2014

by Practical Law Employee Benefits & Executive Compensation
Published on 28 Mar 2014 • USA (National/Federal)
In Announcement 2014-16, the Internal Revenue Service (IRS) announced it will issue opinion and advisory letters for pre-approved defined contribution plans amended according to the 2010 Cumulative List and filed with the IRS during their second submission period. The IRS also announced that it will accept applications for individual determination letters from employers under the second six-year remedial amendment cycle for pre-approved defined contribution plans.
On March 27, 2014, the IRS issued Announcement 2014-16, which provides information on pre-approved defined contribution plans that are seeking approval or being changed during the remedial amendment cycle (, Mar. 28, 2014).
Under the announcement:
  • The IRS expects that on March 31, 2014 (or for some plans as soon as possible thereafter), it will issue opinion and advisory letters for pre-approved defined contribution plans that were:
  • Employers using pre-approved plan documents to restate a plan for the plan qualification requirements on the 2010 Cumulative List will have to adopt the plan document by April 30, 2016.
  • Starting May 1, 2014 and ending April 30, 2016, the IRS will accept applications for individual determination letters from employers under the second six-year remedial amendment cycle for pre-approved defined contribution plans.
Announcement 2014-16 will be published in Internal Revenue Bulletin 2014-17 on April 21, 2014.
For additional information on applying for opinion and advisory letters for pre-approved defined contribution plans, see: