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ARTICLE · 10 NOVEMBER 2021

2021 Retirement Plan Year-End Amendments And Operational Compliance

Groom Law Group, Chartered
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As we approach the end of 2021, it's again time for sponsors of 401(a) and 403(b) plans to review their plan documents and plan operations to ensure compliance with increasingly complex qualification requirements.

United StatesEmployment and HR
Groom Law Group
Groom Law Group
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As we approach the end of 2021, it's again time for sponsors of 401(a) and 403(b) plans to review their plan documents and plan operations to ensure compliance with increasingly complex qualification requirements. While there is no one-size-fits-all checklist, the following provides an overview of these requirements to help plan sponsors (1) determine the need to adopt plan amendments before year-end, (2) ensure operational compliance with changes in law, (3) evaluate the implications of potential future plan changes, and (4) take appropriate action/next steps.

Required Amendments for 2021 Year-End

Plan sponsors should ensure their plans are amended to reflect the following, which includes items on the IRS 2019 Required Amendments List, by year-end:1

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