Employee Plans News – December 16, 2011 – Changes to the Employee Plans Determination Letter Program
Announcement 2011-82, issued December 16, 2011, outlines changes to the determination letter application process that will take effect next year. These changes eliminate features of the determination letter program that are of limited utility to plan sponsors in comparison with the burdens they impose. The changes also are expected to improve our efficiency by reducing the time it takes us to process determination letter applications. The changes include: eliminating coverage and nondiscrimination demonstrations, and, limiting Form 5307, Application for Determination for Adopters of Master or Prototype or Volume Submitter Plans, filings to those employers who have made limited changes to [...]