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What to Do When You Receive an IRS Compliance Statement
Internal Revenue Service [IRS] 
[Guidance Overview] Aug. 1, 2016
"The compliance statement is conditioned on the plan sponsor correcting the failures before the end of the correction period. The correction period in most cases is 150 days after the date the compliance statement is signed ... You must completely correct plan errors by following the compliance statement and listed proposed corrections. In addition, you must take action as outlined to locate former employees and beneficiaries and revise any administrative procedures."
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