Cash or Deferred Arrangement (CODA) Listing of Required Modifications and Information…

This Information Package is for use with Pre-approved Plans intending to comply with the requirements of Code §§ 401(k) and 401(m).

We have prepared this Package to assist Providers, as defined in section 4.01(15) of Rev. Proc. 2023-37, 2023-51 I.R.B. 1491, who are drafting plans. To expedite the review process, Providers are encouraged to use the language in this package. Because a qualified CODA must be part of a defined contribution plan meeting the requirements of Code § 401(a), the plan submitted must also be compared to the Defined Contribution Plan LRMs (“DC LRMs”) and must otherwise satisfy the requirements set forth in Rev. Proc. 2023-37.