The IRS has published its 2008 Cumulative List. The 2008 Cumulative List informs plan sponsors of issues the Service has specifically identified for review in determining whether a plan filing in Cycle D has been properly updated. It also acts as an attorney’s legal checklist for updating an individually designed plan that falls into the Cycle D Remedial Amendment Period.
In accordance with Rev. Proc. 2007-44, the Service will start accepting determination letter applications for Cycle D plans beginning on February 1, 2009. The 12-month submission period for Cycle D plans will end January 31, 2010.