Recently, the IRS released Notice 2023-43, providing interim guidance on Section 305 of the SECURE 2.0 Act of 2022, which expanded the Employee Plans Compliance Resolution System (EPCRS), the system through.
In a June 8th announcement, the Internal Revenue Service (IRS) rolled out a pilot program allowing for pre-examination correction of operational issues in qualified retirement plans..
Internal Revenue Service announced launch of pre-examination retirement plan compliance pilot program beginning June 2022. IRS will notify plan sponsors by letter 90 days before examination that their retirement plan has been selected for an upcoming inspection.