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and other plan amendments specifically enumerated in
Rev. Proc. 99-23. * * *
* * * * * * *
SECTION 4. EXTENSION OF THE REMEDIAL AMENDMENT PERIOD
.01 The GUST remedial amendment period for
nongovernmental plans is extended to the last day of
the first plan year beginning on or after January 1,
2001. * * *
.02 In general, all plan provisions that either
cause a plan to fail to satisfy the qualification
requirements of the Code because of changes to those
requirements made by GUST or are integral to a
qualification requirement changed by GUST are
disqualifying provisions under sec. 1.401(b)-1(b) of
the regulations. Thus, this extension of the GUST
remedial amendment period applies to all GUST plan
amendments, including all those specifically enumerated
in Rev. Proc. 99-23. * * * [Rev. Proc. 2000-27,
2000-1 C.B. at 1272-1273.]
Rev. Proc. 2000-27, supra, was subsequently modified by Rev.
Proc. 2001-55, 2001-2 C.B. 552. Rev. Proc. 2001-55, supra,
provides, in pertinent part, as follows:
SECTION 1. PURPOSE
This revenue procedure extends the GUST remedial
amendment period under sec. 401(b) of the Code for
qualified retirement plans. First, the revenue
procedure extends the GUST remedial amendment period
for all plans to February 28, 2002, if the period would
otherwise end before then. * * *
SECTION 2. BACKGROUND
.01 Under sec. 401(b), plan sponsors have a
remedial amendment period in which to adopt plan
amendments for GUST. The end of the GUST remedial
amendment period is the deadline for making all GUST
plan amendments and other plan amendments specifically
enumerated in Rev. Proc. 99-23 (1999-1 C.B. 920).
* * *
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