IRS Says No New Model IRA Plan Documents for PPA

October 30, 2006 – A highly-placed IRS representative has told BISYS® Retirement Services that the IRS will not be issuing revised model IRA plan documents, generally the Form 5305 series documents, to take into account the provisions of the Pension Protection Act of 2006 (PPA). The representative indicated that IRA model documents will continue to be updated in the normal course of IRS business, but that PPA’s changes are generally “incorporated by reference” within the IRA model documents, presumably through the appropriate Internal Revenue Code sections.