May 16, 1994
TO: PENSION COMMITTEE NO. 19-94
RE: IRS MODIFIES DETERMINATION LETTER PROCEDURES
__________________________________________________________
Attached is a copy of IRS Revenue Procedure 94-37, which
modifies the determination letter procedures that were set forth
in Revenue Procedure 93-39 in order to simplify certain aspects
of the process. (See Institute Memorandum to Pension Committee
No. 34-93, dated October 5, 1993.)
Section 2.03 of the revenue procedure modifies the
instructions for employers that adopt standardized prototype
plans so that such employers need not provide the information
concerning compliance with the nondiscrimination rules that would
otherwise be required under sections 5.04 through 5.07 of Revenue
Procedure 93-39. The modifications are generally effective on
May 23, 1994; however, applicants may follow these modifications
in applications prior to that date.
We will keep you informed of developments.
Kathy D. Ireland
Associate Counsel - Pension
Attachment