IRS Extends DC Plan Restatement Submission Period by 3 Months

The IRS has issued Revenue Procedure 2018-42, announcing a three-month extension in the submission period for opinion letters for pre-approved defined contribution (DC) retirement plans.

The submission period for on-cycle submissions in this remedial amendment cycle (the third six-year remedial amendment cycle) was scheduled to expire October 1, 2018. Revenue Procedure 2018-42 now extends that submission period through December 31, 2018.

This remedial amendment cycle combines the formerly separate master and prototype and volume-submitter programs into a single unified opinion letter program.