IRS Announces Extension to Remedial Amendment Deadlines
The Internal Revenue Service has extended the Remedial Amendment Period for 403(b) Plans. The original due date of March 31, 2020 to restate pre-approved and individually designed 403(b) documents has been now extended until June 30, 2020.
Additionally, The IRS is extending the April 30, 2020 deadline for pre-approved defined benefit plans to submit a determination letter and end of the second six-year remedial amendment cycle until July 31, 2020. This will be of assistance to plan sponsors that needed additional time to complete the restatements due to the COVID 19 situation.
For more deadlines impacting plan sponsors, please visit our ERISA Requirements Calendar.
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