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401K Plan Administrators Run Into Retirement Plan Loan Errors

The IRS’s Employee Plans Compliance Resolution System EPCRS correction program offers plan sponsors means to correct various operational errors, including plan loan errors. Before 2019, plan loan failures had to be corrected using the EPCRSs voluntary compliance program VCP. ....

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Tips for Administering 401k Plan Beneficiary Designations

401k plan sponsors have a vested interest in making sure plan participants have properly completed and filed their beneficiary designations. The majority of beneficiary designation issues affecting plan sponsors and administrators arise after a participant has passed away. ....

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