Start Thinking About End of Year Amendment Deadlines

We are more than halfway through 2022, and it is time to get in touch with counsel and service providers to make sure required amendments to retirement and health and welfare plans are adopted by year-end.


Retirement Plan Amendments

  • Amendments for the SECURE Act, including mandatory changes to required minimum distributions and any optional provisions that were implemented by a retirement plan, such as qualified birth or adoption distributions, must be adopted by December 31, 2022, for non-governmental plans.

  • Amendments to reflect the implementation of any optional provisions of the CARES Act, such as coronavirus-related distributions and increased loan limits, must be adopted by December 31, 2022, for non-governmental plans.

  • Amendments for any discretionary plan changes that were implemented in 2022 must be adopted by December 31, 2022.

Health and Welfare Plan Amendments

  • Amendments to reflect the implementation of optional Covid relief for cafeteria plans or flexible spending accounts in 2021 must be adopted by December 31, 2022.

Contact a Boutwell Fay attorney if you have any questions about this post or need assistance with a plan amendment.