January 18, 1989
TO: PENSION MEMBERS NO. 2-89
RE: IRS REVENUE PROCEDURE REVISING USER FEE SCHEDULE
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Attached is a copy of Revenue Procedure 89-4, which revises
the schedule of user fees for rulings, opinion letters,
determination letters and similar requests established by the
Internal Revenue Service in Revenue Procedure 88-8. (See
Institute Memorandum to Pension Members No. 5-88, dated January
21, 1988.)
Under the revised schedule, the $1,000 fee per basic plan
document applicable to a mass submission for an opinion letter
concerning a master or prototype plan will continue to apply,
regardless of the number of adoption agreements. The fee for a
sponsoring organization adopting a mass submitter's basic plan
document on a word-for-word basis has been reduced, however, to
$50 per adoption agreement. In addition, the revenue procedure
contains a $15,000 cap on the aggregate amount of such fees
payable on behalf of word-for-word adopters with respect to a
particular adoption agreement. The same fee reduction and cap
will apply to word-for-word identical adoptions of a mass
submitter's prototype individual retirement arrangement (IRA) or
simplified employee pension (SEP) basic plan document.
This schedule of user fees will apply with respect to
applications filed on or after February 1, 1989 and before
September 30, 1990.
We will keep you informed of further developments.
Kathy D. Ireland
Assistant General Counsel
Attachment