The IRS issued a series of revenue procedures that revise existing procedures for the issuance of rulings and determination letters and also update guidance on the user fee program. Most of the new revenue procedures contain minor modifications to the prior procedures. The following highlights the changes.

Determination Letters for DB-K Plans

The IRS announced that it will begin to issue determination letters for individually designed combination defined benefit and qualified cash or deferred plans (DB-K Plans) under Code section 414(x). A DB-K plan sponsor must submit two Form 5300s and pay two user fees.

User Fees for Requests for Letter Rulings and Determination Letters

Effective February 1, 2011, the IRS increased the following user fees for requests for determination letters and other rulings:  

  • Form 5300, without general or average benefits test: $2,500 (up from $1,000)  
  • Form 5300, with general or average benefits test: $4,500 (up from $1,800)  
  • Form 5310, without general or average benefits test: $2,000 (up from $1,000)  
  • Form 5310, with general or average benefits test: $4,000 (up from $1,800)