Failing to issue required minimum distributions can be costly, so sponsors must follow exact steps from the IRS and DOL to locate missing participants.
As 2021 comes to an end, we are pleased to present our traditional End of Year Plan Sponsor “To Do” Lists. This year, we present our “To Do” Lists in four separate SW Benefits Updates..
Rev. Proc. 2021-30 is the latest iteration of the IRS correction program – Employee Plans Compliance Resolution System ("EPCRS") – that enables plan sponsors and the retirement industry to sleep at night
The IRS has updated the Employee Plans Compliance Resolution System (EPCRS) with the release of Revenue Procedure 2021-30. The EPCRS is used to correct certain plan qualification.