IRS Posts Notice 2005-95 Regarding Plan Amendment Guidance

December 5, 2005 — The IRS has now made available Notice 2005-95, which provides guidance on qualified retirement plan amending. As first described Friday, December 2, 2005, in a BISYS Latest News article (“Interim Amendment Guidance for Qualified Plans”), Notice 2005-95 provides guidance on interim amending of qualified retirement plans for plan provisions such as designated Roth contributions (Roth 401(k) contributions), final IRC Sec. 401(k) and 401(m) regulations, automatic rollovers, retroactive annuity starting dates (a defined benefit issue), etc.

Notice 2005-95 may be found at http://www.irs.ustreas.gov/pub/irs-drop/n-05-95.pdf.