What Are the Differences Between Different Plan Correction Programs?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Tag: Voluntary Correction Program
How Self-Auditing the Retirement Plan Prevents Compliance Issues Down the Line
The Department of Labor found many violations in retirement plan audits last year, likely because plan sponsors were not regularly...
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...
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...