austin3515 Posted January 18, 2021 Posted January 18, 2021 That special rule for missed deferral opportunity in an auto enrollment plan was set to expire 12/31/2020. Does anyone know if the IRS extended it somewhere along the way? Austin Powers, CPA, QPA, ERPA
FORMER ESQ. Posted January 18, 2021 Posted January 18, 2021 I was hoping the IRS would extend, but have not seen anything yet.
RatherBeGolfing Posted January 18, 2021 Posted January 18, 2021 New EPCRS is "in the works", and I think this is one of the driving issues. No word on when we can expect it as far as I know.
FORMER ESQ. Posted January 20, 2021 Posted January 20, 2021 On 1/18/2021 at 3:08 PM, RatherBeGolfing said: New EPCRS is "in the works", and I think this is one of the driving issues. No word on when we can expect it as far as I know. Great! That is all we need is a new EPCRS. They could easily handle the extension in one page Rev. Proc.
austin3515 Posted February 3, 2021 Author Posted February 3, 2021 Important aspect of this to note. It IS available for failures that began on or before 12/31/2020. Austin Powers, CPA, QPA, ERPA
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