IRS Issues 2011 Cumulative List for Retirement Plan Qualification

The U.S. Internal Revenue Service (IRS) has issued Notice 2011-97, which contains the 2011 Cumulative List of Changes in Plan Qualification Requirements (2011 Cumulative List).  The 2011 Cumulative List is to be used by retirement plan sponsors and practitioners submitting determination letter applications for plans during the period beginning February 1, 2012 and ending January 31, 2013. These plans will primarily be single employer individually designed defined contribution plans, including employee stock ownership plans (ESOPs), single employer individually designed defined benefit plans, and multiple employer individually designed plans that are in Cycle B. Generally, an individually designed plan is in Cycle B if the last digit of the employer identification number of the plan sponsor is 2 or 7.