Has the Restatement Deadline for 403(b) Preapproved Plan Documents Been Extended?

Q: Has the restatement deadline for 403(b) preapproved plan documents been extended?

Kimberly Boberg, Kelly Geloneck, Emily Gerard and David Levine, with Groom Law Group, and Michael A. Webb, senior financial adviser at CAPTRUST, answer:

A: As of this writing, the Internal Revenue Service has not extended that deadline, and as indicated in our prior Ask the Experts column on the subject, the deadline is December 31, 2026. Since that date is less than six months away, plan sponsors utilizing a pre-approved plan document that have not already received their Cycle 2 preapproved plan document restatement should contact the producer of that document to find out when they will receive their restatement.

NOTE: This feature is to provide general information only, does not constitute legal advice and cannot be used or substituted for legal or tax advice.

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