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401K Plan Administrators Run Into Retirement Plan Loan Errors

Published: 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.

Source: natlawreview.com

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United StatesCompliance CheckPlan LoanInternal Revenue CodePlans Compliance Resolution SystemCode SectionMany PlanLoan ErrorsCoronavirus Aid ReliefEconomic SecurityRss Employee Plans Compliance Resolution SystemEtirement Plan Loans01k Plan Administers