IRS Extends Deadline for Plan Amendments Under the SECURE Act, Miners Act, and Certain CARES Act Provisions

The Internal Revenue Service (the “IRS”) recently issued Notice 2022-33 (the “Notice”), providing extensions to certain upcoming plan amendment deadlines under certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”), the Bipartisan American Miners Act of 2019 (“Miners Act”), and the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The Notice extends the deadline for nongovernmental 403(b) and qualified retirement plans (including 401(k) plans, money purchase pension plans, and defined benefit plans), and individual retirement arrangements (“IRAs”) to December 31, 2025. (Previously, for nongovernmental calendar year plans, the deadline for adopting plan amendments was December 31, 2022.)

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