Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Report of Employee Plans Compliance Unit (EPCU): Completed Project -- Discontinuance of Contributions
Internal Revenue Service [IRS] Apr. 23, 2018
"The responses indicated about 10% of plan sponsors had a complete discontinuance of contributions. These sponsors used [the] self-correction (SCP) and voluntary correction (VCP) programs to correct this error and make the affected participants 100% vested in their accounts.... [S]ome sponsors made errors in completing their Form 5500 series return because they did not understand the instructions for reporting terminated participants."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |