Employers will have the opportunity to review and self-correct retirement plan failures upon being identified for plan examination by the Internal Revenue Service (IRS). The IRS.
Retirement plan sponsors should be aware of a new Internal Revenue Service (IRS) pilot program, which permits plan sponsors to conduct a pre-examination “check-up” of retirement plan.
Retirement plan sponsors should be aware of a new Internal Revenue Service IRS pilot program, which permits plan sponsors to conduct a pre-examination check-up of retirement plan administration before the IRS begins a plan examination.
Under the IRS Employee Plans Compliance Resolution System (EPCRS), as set forth in Revenue Procedure 2021-30, a plan that has been notified of an impending audit cannot remedy issues.