US. Treasury Sets 2021 Retirement Plan Amendment Deadlines
The IRS has issued its required amendments list for 2021, setting deadlines for changes in qualification requirements for employee benefit plans and end-dates for remedial amendment periods.
The remedial amendment period lets employers retroactively fix plan modifications that inadvertently altered their tax status. Generally, employers have until the end of 2023 to make those changes for 2021 amendments.
The required amendments pertain to individually designed retirement plans and 403(b) group annuity plans but exclude government-sponsored health and retirement benefits.
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