2010—A Look at the Upcoming Year

As 2010 approaches, there are a number of important developments and filing deadlines that sponsors of tax-qualified defined benefit and defined contributions plans should have on their radar. The year 2010 will bring (1) renewed interest in Roth IRA conversions, (2) a new model safe harbor rollover notice (often referred to as an “eligible rollover distribution notice” or a “402(f) notice”), and (3) several important deadlines for adopting the Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) (hereinafter, EGTRRA) restatements and filing for determination letters with the IRS. Each of these developments is described in the attached article.