EMPLOYEE PLANS

Rev. Proc. 97–41, page 51. Plan amendments; discretionary extension of the remedial amendment period. This procedure provides an extended remedial amendment period for certain qualified plans described in sections 401(a) and 403(a) of the Code and describes the time for making amendments to certain tax-sheltered annuities described in section 403(b).

Notice 97–45, page 7. Highly compensated employee; definition. This notice sets forth the changes in determining who is a highly compensated employee within the meaning of section 414(q) of the Code as a result of section 1431 of the Small Business Job Protection Act of 1996.