403(b) Retirement Plan – Extended Remedial Amendment deadline

The IRS has issued a reminder that the 403(b) retirement plan extended remedial amendment deadline is fast approaching. Remedial amendment period actions that were otherwise required to be performed on or before March 31, 2020, must be taken by June 30, 2020. During the remedial amendment period, an employer may retroactively correct defects in the form of its written 403(b) plan either by timely adopting a pre-approved plan or by otherwise timely amending its written plan. Contact us for more information.