Ryan McLeod

Mar 1, 2023 | lexology.com | Beth J. Dickstein |Mary C. Niehaus |Ryan McLeod

The U.S. Internal Revenue Service (IRS) recently updated its Operational Compliance List (the List) for retirement plans to reflect changes and guidance that recently became effective. BackgroundThe IRS provides the List periodically, to help qualified retirement plan sponsors and practitioners achieve operational compliance by identifying material changes in qualification requirements for qualified retirement plans (including Section 403(b) plans) that become effective during a calendar year.