rp-18-42.pdf

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Modification of Revenue Procedure 2017-41 to Extend Deadline to Submit Opinion Letter
Applications for Pre-approved Defined Contribution Plans for the Third Six-year Remedial
Amendment Cycle

Revenue Procedure 2018-42
SECTION 1. PURPOSE
This revenue procedure modifies Rev. Proc. 2017-41, 2017-29 I.R.B. 92, to extend the
deadline for submitting on-cycle applications for opinion letters for pre-approved defined
contribution plans for the third six-year remedial amendment cycle to December 31, 2018.
Under Rev. Proc. 2017-41, this submission period is scheduled to expire on October 1, 2018.
SECTION 2. BACKGROUND
.01 Rev. Proc. 2016-37, 2016-29 I.R.B. 136, provides that every pre-approved plan has a
regular, six-year remedial amendment cycle. Under Rev. Proc. 2016-37, the third six-year
remedial amendment cycle for pre-approved defined contribution plans began on February 1,
2017, and ends on January 31, 2023. Rev. Proc. 2016-37 also provides that the 12-month on-
cycle submission period for pre-approved defined contribution plans was scheduled to begin on
August 1, 2017, and end on July 31, 2018.
.02 Rev. Proc. 2017-41 modified the pre-approved letter program by combining the master
& prototype and volume submitter programs into a new Opinion Letter program. Under this
program, providers of pre-approved plans may apply for new opinion letters once every six
years. Rev. Proc. 2017-41 sets forth the procedures for obtaining opinion letters for qualified
pre-approved plans submitted with respect to the third (and subsequent) six-year remedial
amendment cycles. Rev. Proc. 2017-41 modified the on-cycle submission period for pre-
approved defined contribution plan providers to submit applications for opinion letters for the

third six-year remedial amendment cycle to begin on October 2, 2017, and end on October 1,
2018.
SECTION 3. MODIFICATION OF REV. PROC. 2017-41
This revenue procedure extends the October 1, 2018 submission deadline in Rev. Proc. 2017-
41 to December 31, 2018. Accordingly, sections 1.02, 3.10, and 9.02 of Rev. Proc. 2017-41 are
revised to replace October 1, 2018, with December 31, 2018.
SECTION 4. EFFECT ON OTHER DOCUMENTS
Rev. Proc. 2017-41 is modified.
SECTION 5. EFFECTIVE DATE
This revenue procedure is effective as of August 15, 2018.
SECTION 6. PAPERWORK REDUCTION ACT
The collection of information contained in Rev. Proc. 2017-41 has been reviewed and
approved by the Office of Management and Budget in accordance with the Paperwork
Reduction Act (44 U.S.C. 3507) under control number 1545-1674.
SECTION 7. DRAFTING INFORMATION
The principal author of this revenue procedure is Kathleen Herrmann of the Office of
Associate Chief Counsel (Tax Exempt and Government Entities). For further information
regarding this revenue procedure or submissions under Rev. Proc. 2017-41, contact Employee
Plans at (513) 975-6319 (not a toll-free number).