jkharvey
Jul 16 2001, 06:25 PM
I'm curious what others are doing. EGTRRA eliminated the user fee for new plans if filed during the first 5 plan years. I have some new plans that are cross tested that I was about to submit for FDL. Seems like I should wait until 1/1/2002 to avoid user fee. Any comments?
rcline46
Jul 16 2001, 08:06 PM
We are not waiting. We are filing the Volume Submitter plans now, with the $125 fee.
Alf
Jul 18 2001, 08:59 PM
Time's-a-wasting. The que at the IRS is going to be huge later this year. I would think that the more rapid response time would be worth more than the reduced user fee. Plus, if you don't have a letter, I am not sure you can wait until after 12/31, can you?
Follow-up Question 2: Has the IRS opened the program up for rulings on the new new comparability rules yet?
Belgarath
Jul 20 2001, 07:06 AM
Yes, IRS Announcement 2001-77 outlines the parameters for determination letter filings for plans with cross-testing.
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