For 403(b) individually designed plans:
- If a “good-faith” plan was plan adopted before 2010, the sponsor had a remedial amendment period (RAP) to correct defects in form of the plan, retroactive to Jan. 1, 2010, as long as the sponsor adopted a pre-approved plan or timely applied for a determination letter. During the RAP, plan sponsors of 403(b) plans could correct plan provisions that fail to meet Internal Revenue Code Section 403(b) requirements by amending their IDPs by June 30, 2020.
- There is no 403(b) plan determination letter program.
- A 403(b) individually designed plan must comply with the required amendments list (RAL).
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