Question: Your supervisor would like to set up a single Sec. 401(k) plan exclusively for the managers of your organization. Concerned that this arrangement might not

Your supervisor would like to set up a single Sec. 401(k) plan exclusively for the managers of your organization. Concerned that this arrangement might not meet the requirements for a qualified plan, he has asked you to request a determination letter from the IRS. In a brief memorandum, address the following issues:
a. What IRS pronouncements govern requests for determination letters?
b. What IRS forms must be filed with the request?
c. What information must be provided in the request?
d. What actions must accompany the filing?
e. Where must the request be filed?

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a Revenue Proc 20156 IRB 20151 198 and Rev Proc 20154 IRB 20151 125 govern requests for determinatio... View full answer

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