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Diving Into SECURE 2.0: New DOL Lost and Found, Updates to EPCRS, and Delayed Implementation of Roth Catch-up Requirement | Foley & Lardner LLP

September 21, 2023
The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of...
Foley Lardner Revenue Service Revenue Service Employee Plans Compliance Resolution System Department Of Labor Compliance Program Internal Revenue Service
Source: jdsupra.com

401K Plan Administrators Run Into Retirement Plan Loan Errors

December 14, 2022
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.
United States Compliance Check Plan Loan Internal Revenue Code Plans Compliance Resolution System Code Section
Source: natlawreview.com

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