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February 23, 2009


Your Guide



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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Domestic abuse distribution

A domestic abuse distribution is one that is made to domestic abuse victim, during the 1-year period beginning on any date on which the individual

Eligible retirement plan

The term “eligible retirement plan”, means a retirement plan to which a rollover contribution can be made. These are: (i)an individual retirement account described in

Qualified See-Through Trust beneficiary

Definition A qualified trust beneficiary is a trust that satisfies the requirements so as to be treated as a designated beneficiary.   For retirement accounts inherited

Saver’s Credit

Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit

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IRA Rules