Qualified Retirement Plans: Know the Rules

The IRS annually releases its Required Amendments (RA) list, which includes changes that individually designed retirement plans may need to make in order to remain qualified under the Internal Revenue Code. The most recent RA list was released via Notice 2017-72, which contains changes not only to the qualification requirements for individually designed plans but also to the deadline for amending the plans. There are two categories: Part A and Part B.

Part A: Likely Amendments

Two changes were made in 2017 to:

  • Cash balance/hybrid plans
  • Eligible cooperative plans or eligible charity plans

Part B: Unlikely Amendments

The 2017 RA list addresses: partial annuity distribution for defined benefit pension plans

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