SERVICE EXTENDS DEADLINE FOR SUBMITTING MASTER OR PROTOTYPE AND REGIONAL PROTOTYPE PLANS TO IRS.

Announcement 90-89

This announcement extends the deadline under Announcement 90-48, 1990-15 I.R.B. 37, to December 31, 1990, for submitting master or prototype (M & P) and regional prototype plans to the Internal Revenue Service. Announcement 90-48 set the deadline for both programs at ninety (90) days after the date that proposed regulations under section 401(a)(4) of the Internal Revenue Code are published in the Federal Register. The proposed regulation were published on Monday, May 14, 1990 [55 FR 19897]. Without an extension, mass submitters, sponsors, and sponsoring organizations would be required to submit M & P or regional prototype plans to the Service by August 12, 1990.

The Employee Plans Technical and Actuarial Division of the Service will soon be completing revisions to the sample language described in section 10.05 of Revenue Procedure 89-9, 1989-1 C.B. 780, and section 10.07 of Revenue Procedure 89-13, 1989-1 C.B. 801, for use in drafting M & P and regional prototype plans that conform to proposed regulations. The December 31, 1990, deadline provides practitioners with additional time to analyze the requirements of the proposed regulations and the revisions to the sample language for M & P and regional prototype plans.

RELIANCE

This document serves as an "administrative pronouncement" as that term is described in section 1.6661-3(b)(2) of the Income Tax Regulations, and may be relied upon to the same extent as a revenue ruling or revenue procedure.

DRAFTING INFORMATION

The principal author of this announcement is Paul J. Nassal of the Employee Plans Technical and Actuarial Division. For further information regarding this Announcement, please contact the Employee Plans Technical and Actuarial Division's taxpayer assistance telephone service between the hours of 1:30 p.m. and 4 p.m. Eastern Time, Monday through Thursday, by calling (202) 566-6783/6784 (not a toll-free call). Mr. Nassal's telephone number is (202) 343-0729 (also not a toll-free call).