IRS Extends Temporary Nondiscrimination Relief For Closed Defined Benefit Plans

2015-04-16T16:45:01-07:00April 16th, 2015|Categories: Defined Benefit Plans|Tags: , |

In Notice 2015-28, the IRS extended the temporary nondiscrimination relief originally provided in Notice 2014-5 for certain “closed” defined benefit pension plans. Closed defined benefit pension plans are defined benefit plans that provide ongoing accruals but have been amended to limit those accruals to some or all of the employees who participated in the plan on a specified date. The employees to whom the defined benefit plan is closed are often generally covered by a defined contribution plan maintained by [...]