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Rev. Proc. 2020-10: Third six-year cycle, pre-approved defined benefit plans

Six-year cycle, pre-approved defined benefit plans

The IRS today released an advance version of Rev. Proc. 2020-10 providing that the third six-year remedial amendment cycle for pre-approved defined benefit plans begins on May 1, 2020, and ends on January 31, 2025.


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Rev Proc. 2020-10 [PDF 16 KB] further provides that the on-cycle submission period for providers to submit applications for opinion letters for pre-approved defined benefit plans begins on August 1, 2020, and ends on July 31, 2021.


Rev. Proc. 2017-41 [PDF 189 KB] set forth procedures for providers of pre-approved plans to obtain opinion letters, once every six years, for qualified pre-approved plans submitted with respect to the third (and subsequent) six-year remedial amendment cycles. 

Defined benefit and defined contribution pre-approved plans are under different six-year remedial amendment cycles. 

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