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February 23, 2009




Acronym used to refer to a collection of laws that changed some of the rules that apply to retirement plans. The laws are as follows:

1. The Uruguay Round Agreements Act, Pub. L. 103-465 (GATT);

2. The Uniformed Services Employment and Reemployment Rights Act of 1994, Pub. L. 103-353 (USERRA));

3. The Small Business Job Protection Act of 1996, Pub. L. 104-188 (SBJPA) (including § 414(u) of the Internal Revenue Code (Code) and

4. The Taxpayer Relief Act of 1997, Pub. L. 105-34 (TRA ’97); and

5. The Internal Revenue Service Restructuring and Reform Act of 1998, Pub. L. 105-206 (RRA).

Referring Cite

Revenue Procedure 2000-20, Revenue Procedure 2002-10

Additional Helpful Information

  • Prototype and volume submitted plans are required to be amended for GUST
  • IRAs and IRA based plans are also subject to GUST amendment

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