• Qualified Retirement Plans In 2017 and Beyond: Resources And Considerations for Employers
  • January 27, 2017 | Authors: Ronald G. Cluett; Joanne C. Youn
  • Law Firm: Caplin & Drysdale, Chartered - Washington Office
  • In Revenue Procedure 2016-37, the Internal Revenue Service (IRS) formally announced the elimination, effective January 1 2017, of the five-year remedial amendment cycle system for individually designed qualified retirement plans.(1) The IRS further announced that each year it will publish a Required Amendments List and an Operational Compliance List in place of the cumulative list of amendments that previously provided guidance on these plans. The first Required Amendments List was published in early December, providing an opportunity to develop procedures for maintaining qualified status in 2017 and beyond.