December 12, 2017
On Dec. 5, 2017, the IRS issued Notice 2017-72, which is the 2017 Required Amendments List (RA List) for qualified retirement plans. The yearly RA Lists provide changes in the qualification requirements that could result in disqualifying provisions and require a remedial amendment. A disqualifying provision is a required provision that isn’t listed in the plan document, a provision in the document that doesn’t comply with the qualification requirements or a provision that the IRS defines as such.
The RA List is divided into two parts: Part A and Part B. Part A gives changes in qualification requirements that generally will require affected plans to be amended. Part B gives changes that would likely not require amendments to most plans, but might require an amendment because of an unusual plan provision in a particular plan.
The remedial amendment deadline for disqualifying provisions resulting from items on the 2017 RA List is Dec. 31, 2019 (or later, for certain governmental plans). Therefore, plan sponsors should determine whether amendments are necessary for their particular retirement plans.
IRS Notice 2017-72 »