RR No. 11-2001: Amends RR No. 1-68, as amended, otherwise known as the Private Retirement Benefit Plan Regulations

Summary

RR No. 11-2001 amends RR No. 1-68, as amended, known as the Private Retirement Benefit Plan Regulations.

Key points

1. Employer fees. The Regulations specify the fees the employer pays when the certificate of qualification or amendatory certificate of qualification is issued.
2. Small employer exemption. Employers with not more than five (5) employees are exempt from these fees.

Who is affected

• Employers with private retirement benefit plans
• Employers with not more than five (5) employees (exempt)

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.