Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Mistakes Were Made: New Guidance for Correcting Errors in Retirement Plan Administration and a Promise of Future 'Technical' Corrections to SECURE 2.0Miller Johnson |
June 21, 2023 Recorded Online Webinar |
Two recent government announcements highlight the increasing complexity of retirement plan administration. On May 26, 2023, the IRS issued Notice 2023-42, which provides interim guidance for correcting plan administration errors under SECURE 2.0. A few days earlier, on May 23, 2023, the Senate Finance and House Ways and Means Committees sent a letter to the Secretary of the Treasury and the Commissioner of Internal Revenue expressing congressional intent “to introduce technical corrections legislation to correct erroneous statutory language . . . .” Jeff Gray will cover both announcements during this webinar. But he will focus primarily on the most important aspects of the IRS’s new guidance for “self-correcting” plan administration errors, which is generally a positive development for employers. |