DOL Seeks More Comments on Correction Program
The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program...
Tag: Voluntary Correction Program
Understanding the IRS’ New Pre-Audit Letter Program
Attorneys say plan sponsors have a couple of strong incentives to identify and correct any compliance failures upon receiving a...
IRS Says Lack of Details Is a Common Error in VCP Submissions
Plan sponsors, or their representatives, can refer to an updated IRS webpage to ensure submissions to the voluntary correction program...
Sponsors Must Submit IRS Voluntary Correction Program Docs Digitally
According to IRS Revenue Procedure 2018-52, in general, beginning April 1, 2019, plan sponsors must use the www.pay.gov website when...
IRS Modifies VCP User Fees
The agency also issued information about how to obtain or re-establish an employer identification number (EIN) for a retirement plan...