IRS building in Washington D.C. Historically, determination letters have been regardedas valuable documents by retirement plan sponsors. (Photo: Diego M.Radzinschi/ALM)

The Internal Revenue Service is opening new determination letterprograms for hybrid cash-balance defined benefit plans and 401(k)plans that merged as a result of company acquisitions.

Hybrid defined benefit plans that use a cash balance formula ora pension equity formula to determine retirement benefits will havea one-year window, beginning on September 1, 2019, to apply for adetermination letter that provides IRS validation of a plan'sdocumentation.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.