The IRS recently released revised Listings of Required Modifications (LRMs) for pre-approved defined contribution plans. The revised LRMs help plan sponsors in drafting or redrafting their plans to conform to the law. The LRMs contain samples of plan provisions that have been found to satisfy certain provisions in the Internal Revenue Code (Code) and the 2017 Cumulative List of Changes in Plan Qualification Requirements (Notice 2017-37). The 2017 Cumulative List applies to letter applications for pre-approved defined contribution plans during the third six-year remedial amendment cycle (see Legal Update, IRS Revises Opinion Letter Procedures for Pre-Approved Plans in Revenue Procedure 2017-41 and Issues 2017 Cumulative List in Notice 2017-37).

The recently revised LRMs include:

For more information on drafting qualified retirement plans, see Qualified Retirement Plan Provisions Toolkit.