• IRS Further Expands Availability of Rev. Rul. 81-100 Group Trusts, and Extends Time to Spin Off Puerto Rican Participants from U.S. Plans
  • December 23, 2010
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • In Rev. Rul. 2011-1, released in advance form on December 16, 2010, the Internal Revenue Service (the Service) expanded the types of employee benefit plans that may participate in Rev. Rul. 81-100 group trusts, effective January 11, 2011, and extended until December 31, 2011, the time to spin off the assets related to Puerto Rican participants in a U.S. qualified retirement plan to a separate Puerto Rico plan.