Employee Plans Compliance Unit (EPCU) – 5500 Non-Filer/DOL Project

Tuesday, September, 29, 2015 / Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases
On September 21, 2015, the IRS announced a new Form 5500 compliance project focusing on plan years ending in 2011, as detailed below. Plan sponsors should ensure that all required Form 5500s have been filed and respond to any notice received from the Employee Plans Compliance Unit. Read More

What is the Audit Requirement for Benefit Plans?

Wednesday, January, 21, 2015 / Published in Employee Benefit Plans, Forms and Procedures, Retirement - 401(k), 403(b)
We get this question a lot. The instructions to the Form 5500 give the technical answer. However, below is a quick summary of those requirements. Every situation is unique and for 2023 Form 5500s, the DOL just updated the rules. Read More

New Revenue Procedures for the Employee Plan Compliance Resolution System, including 403(b) Plan Failures

Friday, January, 04, 2013 / Published in Forms and Procedures, Policy Updates, Retirement - 401(k), 403(b)
The long awaited new Revenue Procedures for the Employee Plan Compliance Resolution System have been issued and will be effective, generally April 1, 2013. The information below from the IRS website highlights some of the changes. Read More