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IRS Introduces 90-Day Audit Program
Bolton Link to more items from this source
[Guidance Overview]
July 19, 2022

"The new program gives plan sponsors a 90-day 'heads up' that the IRS intends to examine their retirement plan.... Those who have been through a plan compliance correction know that 90 days is not a lot of time to design and execute a correction procedure -- and with the IRS pilot program, much of that time may be spent reviewing plan documents and operations. It's not clear whether an extension of time to complete the correction is available under the pilot program."

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