Regulatory and Legislative

New Fees in 2021 for Certain Determination and Letter Ruling Requests

In Announcement 2020-14, the IRS provides advance notice of fee increases for certain determination applications, effective January 4, 2021. 

  • Form 5300, Application for Determination for Employee Benefit Plan, will increase by $200 to $2,700
  • Form 5307, Application for Determination for Adopters of Modified Volume Submitter Plans, will increase by $200 to $1,000
  • Form 5310, Application for Determination Upon Termination, will increase by $500 to $3,500

Letter ruling requests for five-year automatic extension of the amortization period will increase significantly from $1,000 to $6,500. The new fees will be reflected in Revenue Procedure 2021-4, which will be published on January 4, 2021.

Regulatory and Legislative

ESG Final Rule Published in Federal Register

ESG Final Rule Published in Federal Register

The DOL’s final rule titled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights has been published in the Federal Register.