Upcoming Deadline for Filing Cycle B Determination Letter Applications | Practical Law
Employers that adopt individually designed qualified retirement plans typically apply for an Internal Revenue Service (IRS) determination letter to confirm that the plan documents comply with the regulatory requirements of the Internal Revenue Code (IRC). The IRS has assigned plans to staggered five-year determination letter submission cycles based on the last digit of each plan sponsor's employer identification number (EIN). Plan sponsors with an EIN ending in 2 or 7 are in Cycle B, which means that their plans must be submitted for a determination letter by January 31, 2013.