Get more! Sign up for PLANSPONSOR newsletters.
Compliance April 30, 2013
IRS to Hold Call About 403(b) Corrections
April 30, 2013 (PLANSPONSOR.com) – The Internal Revenue Service (IRS) has scheduled a phone forum about 403(b) corrections and examination trends.
Reported by PLANSPONSOR staff
Revenue Procedure 2013-12 expanded corrections for 403(b) plan failures under the IRS Employee Plans Compliance Resolution System (EPCRS) (see “IRS Updates Compliance Resolution System”). The phone forum includes a discussion about the Revenue Procedure and, including corrections for 403(b) plan failures and updates to the EPCRS.
Avaneesh Bhagat, Voluntary Compliance group manager; Stephanie Bennett, Voluntary Compliance Program coordinator and Robert Cremeens, program analyst, will review issues found in recent 403(b) audits and correcting 403(b) plan failures. To request specific matters be addressed, e-mail ep.phoneforum@irs.gov by May 21.
The event is May 23 at 1 p.m. Eastern time.
Registration is here.You Might Also Like:
Inherited IRA RMD Final Rules Postponed to 2025
The IRS will not enforce RMDs for inherited IRAs under the 10-year rule until at least 2025.
PLESA Match Manipulation Not a Concern, Chamber of Commerce Says
Other SECURE 2.0 implementation issues are a much bigger worry.
Comment Period Extended for SECURE 2.0 Reporting, Disclosure Rules
Federal agencies are seeking advice on how to improve the reporting and disclosure system for retirement plans governed by ERISA.