Featured: Required 2016 Qualified Retirement Plan Amendments and Cycle A Filing Deadline | Practical Law

Featured: Required 2016 Qualified Retirement Plan Amendments and Cycle A Filing Deadline | Practical Law

A summary of the required qualified retirement plan amendments for individually designed plans that may be required to be adopted by the end of the 2016 plan year to comply with the Internal Revenue Code.

Featured: Required 2016 Qualified Retirement Plan Amendments and Cycle A Filing Deadline

by Practical Law Employee Benefits & Executive Compensation
Published on 19 Oct 2016 • USA (National/Federal)
A summary of the required qualified retirement plan amendments for individually designed plans that may be required to be adopted by the end of the 2016 plan year to comply with the Internal Revenue Code.
Plan sponsors of defined benefit plans may need to adopt amendments before the end of the 2016 plan year that reflect recent IRS guidance, including regulations on:
  • Amendments to the interest crediting rate for cash balance plans and other hybrid plans.
  • The minimum present value requirements for defined benefit plan partial annuity distributions.
Practical Law Employee Benefits & Executive Compensation's Article, Required 2016 Qualified Retirement Plan Amendments and Cycle A Determination Letter Filing Deadline provides a summary of the required qualified retirement plan amendments for individually designed plans that may be required to be adopted by the end of the 2016 plan year to comply with the Internal Revenue Code. It also provides plan document considerations for January 2017 determination letter application filers (Cycle A).