Plan Self-Correction Opportunities Improved in New IRS EPCRS Procedure

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Practitioners and plan administrators are celebrating the arrival of several helpful revisions in a newly updated Internal Revenue Service (IRS) Employee Plans Compliance Resolution System (EPCRS) Revenue Procedure 2019-19. The updated procedure for correcting mistakes in qualified retirement plans makes several minor revisions, updates, and clarifications to EPCRS, but also significantly expands self-correction opportunities in […]

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Source: HR Daily Advisor