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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

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.


Keep Learning

Annual Benefit Limit

Definition The annual benefit limit for defined benefit plans is the lesser of: A) 100% of the participant’s average compensation for his or her highest

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IRA Rules