Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Relationship Manager - Defined Contributions

Daybright Financial
(Remote)

Daybright Financial logo

Plan Administrator II

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Sales Consultant

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Retirement Plan Onboarding Specialist

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

Pension Administrator

PPS Pension Services
(Remote / Williamsville NY / Hybrid)

PPS Pension Services logo

Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Retirement Plan Administrator

Frank Pension Consultants, Ltd.
(Lincolnshire IL)

Frank Pension Consultants, Ltd. logo

Plan Consultant II

MAP Retirement
(Remote / Jacksonville FL)

MAP Retirement logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

IRS Issues Update to System for Correction of Plan Failures
Sidley Austin LLP Link to more items from this source
[Guidance Overview]
Jan. 6, 2013

"[T]he new revenue procedure provides that plans subject to section 403(b) can generally correct failures in accordance with EPCRS in substantially the same manner that is available for qualified plans. The revenue procedure also provides that the IRS will accept submissions related to funded governmental Code section 457(b) plans on a provisional basis outside of EPCRS through standards that are similar to EPCRS. This process is not available with respect to Code section 457(b) plans maintained by a not-for-profit organization."  MORE >>

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).