December 5, 1991
TO: PENSION MEMBERS NO. 39-91
INSTITUTE PROTOTYPE PLAN MASS SUBMITTERS
RE: IRS EXPANDS DETERMINATION LETTER PROGRAM
__________________________________________________________
Attached is a copy of Revenue Procedure 91-66, which sets
forth temporary procedures for filing employee plan determination
letter applications, and supersedes Revenue Procedure 91-41.
(See Institute Memorandum to Pension Members No. 36-91 and
Institute Prototype Plan Mass Submitters, dated October 24,
1991.)
The determination letter program will expand on January 15,
1992 to accept applications from (1) plans that satisfy design
based nondiscrimination safe harbors (and certain other
nondiscrimination requirements) in plan years beginning on or
after January 1, 1992, regardless of whether they satisfied such
requirements in earlier years; (2) plans that include 401(k)
contributions and contributions subject to the requirements of
section 401(m); (3) collectively bargained plans not subject to
coverage and nondiscrimination requirements; and (4) target
benefit plans that meet the target benefit safe harbor in the
final regulations.
Section 8 of Revenue Procedure 91-66 restates the
modifications to the master and prototype program contained in
section 6 of Revenue Procedure 91-41 in order to conform them to
the final regulations.
We will keep you informed of developments.
Kathy D. Ireland
Associate Counsel - Pension
Attachment