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Pension and Employee Benefits: Code, ERISA, & Regulations
This series provides an authoritative and comprehensive reference to the full text of benefits-related provisions of the Internal Revenue Code, the full text of ERISA, and related proposed and final regulations, as well as the official IRS and DOL preambles, and Committee Reports.
The IRS has updated its user fee schedule, generally effective February 1, 2012, for requests for various types of employee plan letter rulings and determination letters, and other matters under the jurisdiction of the Commissioner, Tax Exempt and Government Entities Division. The employee plan user fees for determination letters are generally the same as last year's fees.
In the section concerning the scope of the revenue procedure, the IRS has added a description of an exemption from the user fee requirements for certain determination letter applications filed within a remedial amendment period for a plan beginning within the plan's first five years. User fee schedule sections concerning opinion letters on master and prototype plans and determination letters have been reorganized to correspond with Form 8717 (User Fee for Employee Plan Determination, Opinion and Advisory Letter Request). The user fee schedule section on determination letters has also been altered to reflect changes to the determination letter program, which include eliminating the option for plan sponsors to request a determination relating to minimum participation, coverage, and nondiscrimination requirements of the Code together with an application for a determination letter and limiting the ability to file a Form 5307 (Application for Determination for Adopters of Master or Prototype or Volume Submitter Plans) to adopters of certain volume submitter plans that modify the terms of an approved specimen plan.
The address for hand-delivered requests has been changed and an addition has been made that advises applicants that electronic fund transfers will be utilized for the payment of user fees.
Source: IRS Rev. Proc. 2012-8.
For more information, visit http://www.wolterskluwerlb.com/rbcs.
For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer's Benefits Reports.
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