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|The Nonamender's Lament -- But, I Swear I Signed It!|
Ferenczy Benefits Law Center
Jan. 12, 2021
"How Do You Fix a Nonamender Failure? Here is where there is both good news and bad news. The good news is that EPCRS (currently embodied in Revenue Procedure 2019-19) provides for the ability to correct a nonamender failure through self-correction.... The catch is that such a failure is considered to be a significant failure, which means that we have to correct by not later than the last day of the second plan year following the plan year for which the failure occurred."
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