"A compliance check by the IRS Employee Plans Compliance Unit has determined that most money purchase plans with 401(k) features are merged plans and did not incorrectly add a 401(k) feature to an existing money purchase plan. The stated goal of the IRS in undertaking the 401(k) Money Purchase Pension Plan project was to determine whether employers had mistakenly adopted a money purchase plan with a 401(k) feature after ERISA was enacted, and, if so, to ensure the correction of the error."  MORE >>