January 31, 1994
IRS Issues Statistics on Employee Plan Determination Letters
WASHINGTON - Determination letter statistics for various
employee benefit plans for the period October 1992 through September
1993 were released today by the Internal Revenue Service.
The attached table contains statistics on determination letters
issued to employee benefit plans regarding their qualified status
under Internal Revenue Code. These statistics are in categories by
defined contribution plans such as stock bonus, money purchase,
profit sharing, 401(k), target benefit in Code sections 409A and
4975(e)(7) and defined benefit plans. The plans now cover
common-law employees, shareholder-employees and self-employed
individuals.
The statistics indicate only those determination letters issued
by employee plans/exempt organizations division in key district
offices and do not include figures for plans of employers who have
adopted standardized plans previously approved by the IRS National
Office. These figures cannot be used to compute the total number of
plans in existence, because employers do not have to apply to the
IRS for an advance determination to obtain favorable tax benefits
for qualified plans.
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