ERIC Responds to New Guidance on IRS Determination Letter Program

The ERISA Industry Committee will continue to fight to keep the program

For Immediate Release

Washington, DC – The following statement should be attributed to Annette Guarisco Fildes, president and CEO, The ERISA Industry Committee (ERIC):

“The ERISA Industry Committee appreciates the Internal Revenue Service’s (IRS) recent efforts to provide guidance on the determination letter program. We are especially appreciative of the extended deadline for employers to apply for a determination letter for a new pre-approved defined contribution plan.

ERIC strongly believes the IRS should continue the determination letter program and not eliminate it, as proposed in 2015. ERIC, the only national trade association advocating exclusively for the employee benefit and compensation interests of the country’s largest employers, is concerned eliminating the program would have significant consequences for ERIC’s members and their ability to provide pension benefits in a cost-effective manner.

In 2016, ERIC will continue to work with the IRS to save the determination letter program and protect pension plans of American workers across the nation.”

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All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC helps America’s largest employers stay ahead of employee benefit policy. ERIC member companies are leaders in every sector of the economy, and we represent them in their capacity as sponsors of employee benefit plans for their own workforce. Only ERIC provides the combination of intel, expertise, collaboration, and lobbying that exclusively serves the interests of large employers who provide health, retirement, and compensation benefits to their nationwide workforce.