What is the deadline for the GUST restatement of DC prototype plans after the extension granted by the IRS on November 19, 2002?
Rev. 01/27/03

The GUST deadline is September 30, 2003 for all prototype plans that previously had a deadline of December 31, 2002.

What was the deadline for the GUST restatement of DC prototype plans prior to the extension of November 19, 2002?
Rev. 01/27/03

The deadline was the later of one year after the approval of the DC plan or 12-31-2002 provided the requirements of 2000-20 had been met. Thus, for McKay Hochman DC prototype plan clients, the deadline for restating the DC prototype plans was 12-31-2002. If the McKay Hochman client has also been sponsoring the McKay Hochman DB plan, they had until one year after the McKay Hochman DB prototype was approved to restate all their prototype plans – both DC and DB. The DB Favorable Determination Letter was issued August 20, 2002 which meant that the GUST restatement deadline for sponsors of our DB plans was August 31, 2003. Now that there is an extension to September 30, 2003, all McKay Hochman prototype plans whether DB or DC have the same deadline of September 30, 2003.