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Year End--Recent Developments and Other Statutory and Regulatory Guidance Potentially Impacting Qualified Plans for 2015

Year End--Recent Developments and Other Statutory and Regulatory Guidance Potentially Impacting Qualified Plans for 2015


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This document summarizes certain recent developments that may require amendments of tax-qualified retirement plans, including plans that will be filed with the IRS during Cycle E (February 1, 2015, through January 31, 2016). A complete list of the amendments specified in the IRS Cumulative List for most Cycle E submitters is set forth by the IRS in Notice 2014-77. This document identifies certain items in Notice 2014-77 that are most likely to impact qualified retirement plans as well as developments in federal case law and other recent regulatory changes that may impact plan provisions. Many referenced items include citations to applicable guidance.

While this summary is intended to reflect our understanding of certain plan document updates that may be required or desirable, the nature, extent, and required timing of any plan amendments to reflect federal law changes can be quite specific for each qualified plan. As a result, clients may wish to use the summary to evaluate how their particular tax-qualified retirement plans are impacted in consultation with their legal or tax advisors. Any member of Aon Hewitt’s Retirement Legal Consulting & Compliance practice can assist with such a review.

Year End--Recent Developments and Other Statutory and Regulatory Guidance Potentially Impacting Qualified Plans for 2015