The Internal Revenue Service (the IRS) recently issued Notice 2016-03 (the Notice) addressing three topics and expanding on its earlier announcement of major changes in the determination letter program for individually designed retirement plans. The Notice will likely be followed by additional guidance from the IRS, addressing features of the determination letter program.
IRS Announces Additional Changes in Determination Letter Program
By Alan D. Nesburg, PC and Maggie McTigue on February 9, 2016