audits of terminated plans

[himt4]

We heard something to the effect that the IRS will be stepping up the number of audits they do on plans that terminated without IRS filing. Has anyone heard the same? is it rumor or some thing more official?

[E as in ERISA]

I thought they have been a target for years.

[Bird]

Yes, they said a few years ago that they would be stepping up audits of plans term'd w/o DLs. We have NOT seen evidence of that; in fact, we had an audit of a plan that term'd WITH a DL. An absurd waste of time.