Important Reminders and Recent Developments for Retirement Plan Sponsors

April 15, 2008 Advisory

Upcoming Amendment Deadlines
Final Regulations Under Code Section 415
If your organization sponsors an individually-designed retirement plan (that is, not a prototype or volume submitter-based plan), your plan must be amended soon to comply with new final regulations under Code §415. These rules primarily affect the maximum benefit limitation in defined benefit plans, but defined contribution plans (including Code §403(b) plans) will also require some changes in order to comply.