Rev. Proc. 2020-9 Addresses Interim Amendments for Pre-Approved Plans That Allow Hardship Distributions | Practical Law
The Internal Revenue Service (IRS) has issued Revenue Procedure 2020-9 (Rev. Proc. 2020-9), which clarifies which amendments are integral to pre-approved retirement plan provisions that must be amended to comply with the final regulations on hardship distributions. Rev. Proc. 2020-9 also extends the deadline for making these interim amendments to December 31, 2021.