The Internal Revenue Service has released a document that could help retirement plan administrators keep up with regulatory changes.
The document, Notice 2007-94, provides the 2007 list of changes in plan qualification requirements for 401(k) plans and other retirement plans that qualify for special tax treatment.
The 2007 cumulative list applies mainly to “individually designed plans that are in Cycle C,” officials write in the preamble to the list.
“An individually designed plan is in Cycle C if it is a single-employer plan where the last digit of the employer identification number of the plan sponsor is 3 or 8, or it is a ?414(d) governmental plan (including a governmental multiemployer plan or governmental multiple employer plan),” officials write.
The IRS will start accepting determination letter applications for Cycle C plans beginning Feb. 1, 2008.