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If a governmental plan is individually designed, it would normally fall into cycle C and current plans would need to be restated during the one-year window ending on January 31, 2014.Under Revenue Procedure 2012-50, the deadline for governmental individually designed plans to restate is extended to January 31, 2016.With the upcoming deadline, we would like to clarify how the pre-approval process works by addressing a number of frequently asked questions.There are a few technical terms used throughout this Q&A (in italics the first time the defined term is used), see Addendum B for a glossary.

(October 26, 2001) - Traditional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs and Coverdell Education Savings Accounts (formerly Education IRAs) have been affected by certain provisions of EGTRRA (the Economic Growth and Tax Relief Reconciliation Act of 2001).If a plan is individually designed, the five year cycle generally applies according to the sponsor's EIN.Governmental plans are one of the exceptions to this rule.We will also assess whether any additional changes should be made during the current restatement process.The contents of this message are for informational purposes only.The IRS has opened the next restatement cycle period, which will require an update of any pre-approved plans to comply with law and regulation changes made primarily by the Pension Protection Act of 2006 (PPA).

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