IRS Issues Updated Instructions for IRS Form 5300

In January 2017, the IRS issued updated Form 5300 instructions. Form 5300 is used to apply to the IRS for a determination letter of initial qualification of a defined contribution or defined benefit plan. Many of the revisions reflect the changes affecting individually designed plans described in Rev. Proc. 2016-37, including eliminating 5-year remedial amendment cycles and generally limiting determination letter requests to initial plan qualification and termination.

Other changes are intended to reduce burdens on filers. Those using Form 5300 should follow these updated instructions.

Form 5300 Instructions »