IRS Publishes Changes in Plan Qualification Requirements

The Internal Revenue Service has issued Notice 2010-90, which provides a cumulative list of changes in plan qualification requirements.

The notice contains the 2010 Cumulative List of Changes in Plan Qualification Requirements (2010 Cumulative List) described in section 4 of Rev. Proc. 2007-44, 2007-2 C.B. 54. The 2010 Cumulative List is to be used by plan sponsors and practitioners submitting determination, opinion, or advisory letter applications for plans during the period beginning February 1, 2011 and ending January 31, 2012.   

The IRS said these plans will primarily be single employer, individually-designed defined contribution plans, including employee stock ownership plans (ESOPs), and single employer, individually-designed defined benefit plans that are in Cycle A and defined contribution pre-approved plans (that is, defined contribution plans that are master and prototype (M&P) or volume submitter (VS) plans) for the second submission under the remedial amendment cycle under Rev. Proc. 2007-44.   

Generally, an individually designed plan is in Cycle A if the last digit of the employer identification number of the plan sponsor is 1 or 6.  

Notice 2010-90 is here.