Withdrawal of Cycle C Cash Balance Applications
Cycle C determination letter applicants who intend to adopt a pre-approved cash balance plan may withdraw their applications for individually designed cash balance plans by May 31, 2014, if they sign Form 8905, Certification of Intent to Adopt a Pre-approved Plan, by March 31, 2014.
Announcement 2014-4 extended the submission period for pre-approved defined benefit pension plans from January 31, 2014, to February 2, 2015, to allow time for the IRS to expand the pre-approved program to permit plans with cash balance features. The announcement also allowed Cycle C plan sponsors who want to adopt a pre-approved cash balance plan to complete Form 8905 by March 31, 2014, instead of submitting determination letter applications for individually designed plans by the Cycle C deadline of January 31, 2014.
Withdrawals for Cycle C applicants
Cycle C applicants who already submitted their applications for individually-designed cash balance plans during the second Cycle C remedial amendment cycle that ended January 31, 2014, and who instead wish to adopt a pre-approved cash balance plan, may sign the Form 8905, withdraw the application, and request a refund of the user fee by complying with the instructions below.
How to request a withdrawal and user fee refund
Request the return of your Cycle C determination letter application and a refund of the user fee in writing. Your request must be postmarked (or faxed) by May 31, 2014. You must include:
- the name of the plan sponsor
- plan number
- the document locator number, if known (shown on your IRS acknowledgement letter)
- the following statement in bold letters: “Per Announcement 2014-4, we are withdrawing this application in order to submit under the pre-approved program.”
Fax or mail your request
Internal Revenue Service
550 Main Street
Cincinnati, OH 45202
Attn: Joyce Heinbuch
Attn: Ms. Heinbuch, (513) 263-4699 (not a toll-free call).
- Form 8905, Certification of Intent to Adopt a Pre-approved Plan
- Deadline Extended For Pre-Approved Defined Benefit Plans
- FAQs on Withdrawing Cycle C Applications