IRS Notice: Extension of SECURE 2.0 Act Amendment Deadline for IRAs (IRC §408)

The IRS has issued a notice extending the deadline for amending IRAs, SEP arrangements, and SIMPLE IRA plans to comply with the SECURE 2.0 Act and related legislation from Dec. 31, 2026, to Dec. 31, 2027. The extension applies to written governing instruments for individual retirement accounts under I.R.C. §408(a) or (h), contracts for individual retirement annuities under I.R.C. §408(b), employer SEP arrangements under I.R.C. §408(k), and employer SIMPLE IRA plans under I.R.C. §408(p). The Treasury Department and IRS granted this extension because they are still developing model language for IRA trustees, custodians, and issuers to use for compliance with ...