IRS Publishes 2019 Required Amendments List

Anne M. Meyer • December 16, 2019

In our 2019 End of Year Plan Sponsor “To Do” List (Part 3) Qualified Plans , we suggested that sponsors of all qualified retirement plans should be on the lookout for the Internal Revenue Service’s (“IRS”) 2019 Required Amendments List (“2019 RA List”).  The IRS recently published Notice 2019-64, which contains the 2019 RA List, https://www.irs.gov/pub/irs-drop/n-19-64.pdf . 

Part A of the 2019 RA List addresses changes in qualification requirements that require amendments to most plans (or to the types impacted by the change).  The 2019 RA List contains two changes in Part A:  those required by final regulations regarding hardship distributions and those required by final regulations regarding collectively bargained cash balance/hybrid defined benefit plans. 

Part B of the 2019 RA List addresses other changes in qualification requirements that may require an amendment to certain plans.  The 2019 RA List does not include any items in Part B.

As a reminder, the remedial amendment deadline for disqualifying provisions resulting from items on the 2019 RA List is December 31, 2021 (for certain government plans, this deadline is later).

 

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Employee burnout has become an epidemic in today’s modern workplace. So much so that the World Health Organization (WHO) officially recognizes it as an “occupational phenomenon.”1 While many used to consider mounting workplace stress an individual employee problem, these days, it’s become an employer’s responsibility to prevent burnout before it hurts productivity and business performance—not to mention your employees’ physical and mental health. Luckily, you can prevent burnout from affecting your workforce in several ways. This article will explore the causes and signs of employee burnout and the steps you can take to create a positive work environment where employees feel safe from toxic stress levels.

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