Back on September 19th, the IRS issued Announcement 2007-90, announcing that beginning December 18th, 2007, the IRS would temporarily stop accepting applications for determination letters for defined contributions plans filed on Form 5307. Any determination letter application for a defined contribution plan filed on Form 5307 on or after today (December 18th) and before the opening of the two-year EGTRRA restatement period for pre-approved plans will be returned by the IRS.
The moratorium does not affect determination letter applications for defined benefit plans filed using Form 5307 or pre-approved plans applying for a determination letter as part of a voluntary correction program (VCP) or required under the Audit CAP program.
Technorati Tags: Pension Protection Act, ppa, IRS, Announcement 2007-90, GUST, determination letter, Form 5307, ERISA
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