EMPLOYEE PLANS

Notice 2001–42, page 70. Qualified plans; remedial amendment period. This notice provides a remedial amendment period under section 401(b) of the Code with respect to the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This remedial amendment period is conditioned on the timely adoption of “good faith” EGTRRA plan amendments. The GUST remedial amendment period for individually designed plans is not being extended. Rev. Procs. 2000–20 and 2001–6 modified.

Announcement 2001–77, page 83. Qualified plans; determination letters. This announcement describes steps the Service is taking to simplify the application procedures for determination letters on the qualification of pension, profit-sharing, stock bonus, and annuity plans under sections 401(a) and 403(a) of the Code.