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Legal Alert

Hanson Bridgett Requests IRS Open Determination Letter Program in 2019 for Governmental Plans

Hanson Bridgett Requests IRS Open Determination Letter Program in 2019 for Governmental Plans

Earlier this year, the IRS issued Notice 2018-24 requesting comments on the specific type of retirement plans that the Treasury Department and the IRS should consider accepting determination letter applications from during calendar year 2019 in circumstances other than for initial qualification and qualification upon plan termination. A favorable determination letter issued by the IRS verifies that the plan sponsor has timely amended its plan document to incorporate all required law and regulatory changes since the last favorable determination letter was issued, and that any discretionary amendments made to the plan in the interim were timely and met tax law requirements. In support of our public sector retirement system and governmental plan sponsor clients, Hanson Bridgett submitted comments on June 4, 2018, describing the special circumstances affecting governmental plans and urging the IRS to open the determination letter program in 2019 (and periodically in the future) to governmental plans.

View a PDF of the submitted  comments »

For More Information, Please Contact:

Judith Boyette
Judith Boyette
Partner
San Francisco, CA
Alison Wright
Alison Wright
Partner
Walnut Creek, CA
Edward Bernard
Edward Bernard
Partner
San Francisco, CA
Elizabeth Masson
Elizabeth Masson
Partner
San Francisco, CA