When must a qualified retirement plan be amended to comply with the 2002 final regulations?
Most qualified retirement plans must be amended to comply with the 2002 final regulations under section 401(a)(9). A revenue procedure to be issued shortly will provide guidance on plan amendments. Determination letter applications for individually designed plans filed on or after the first day of the first plan year beginning on or after January 1, 2003 will be reviewed for compliance with the 2002 final regulations.
