Notice 2022-62: Required amendments list (2022) for qualified retirement plans and 403(b) plans
Notice 2022-62 provides “2022 required amendments list”, a list of statutory and administrative changes in requirements
Notice 2022-62 provides “2022 required amendments list”
The IRS today released an advance version of Notice 2022-62 providing the “2022 required amendments list”—in general, a list of statutory and administrative changes in requirements that are first effective during the plan year in which the list is published.
Background
The required amendments list is divided into two parts.
- Part A covers changes in requirements that generally would require an amendment to most plans or to most plans of the type affected by the change.
- Part B includes changes in requirements that the Treasury Department and IRS anticipate will not require amendments to most plans but might require an amendment because of an unusual plan provision in a particular plan.
The required amendments list applies to both: (1) individually designed plans qualified under section 401(a); and (2) individually designed plans that satisfy the requirements of section 403(b).
2022 required amendments list
There are no entries listing changes in qualification requirements on the 2022 required amendments list in Notice 2022-62 [PDF 153 KB]
In general, the last day of the remedial amendment period and the plan amendment deadline is December 31, 2024.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.