IRS Form 4461 Application for Approval of Standardized or Nonstandardized Pre-approved Defined Contribution Plans

What Is IRS Form 4461?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on November 1, 2018. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 4461?
A: IRS Form 4461 is an application used to seek approval for standardized or nonstandardized pre-approved defined contribution plans.

Q: What are standardized and nonstandardized pre-approved defined contribution plans?
A: Standardized pre-approved defined contribution plans are plans that have already been pre-approved by the IRS to meet certain requirements. Nonstandardized plans are plans that don't meet the requirements for standardization.

Q: Who uses IRS Form 4461?
A: Businesses or plan sponsors who want to establish or amend a pre-approved defined contribution plan can use IRS Form 4461.

Q: Why would I need to submit Form 4461?
A: You would need to submit Form 4461 if you want to establish or amend a pre-approved defined contribution plan and you want the plan to be approved by the IRS.