However, currently, sponsors may make some changes to a pre-approved volume submitter plan, then file a Form 5307
and obtain an advisory letter that the plan complies in form.
Changes and revisions to IRS Form 5300 and Form 5307
, Application for Determination for Adopters of Master or Prototype or Volume Submitter Plans
Copies of Form 5300, used for custom designed plans, and Form 5307
, used for master or prototype plans (see below), can be found at http://pro.
If the plan is intended to satisfy a design-based or nondesign-based safe harbor, or if the applicant is not electing to receive a determination with respect to any of the general tests and is not electing to receive a determination with respect to the average benefit test, the fees range from $125 for Form 5307
, Application for Determination for Adopters of Master or Prototype, Regional Prototype or Volume Submitter Plans, or Form 6406, Short Form Application for Determination for Amendment of Employee Benefit Plan, to $700 for Form 5300, Application for Determination for Employee Benefit Plan, or Form 5303, Application for Determination for Collectively Bargained Plan.
IRS also announced in a News Release (IR-90-78) dated May 10, 1990, that IRS software is available at no charge that will computer-generate Form 5307
and a special version of Form 8717, User Fee for Employee Plan Determination Letter Request.