"Plan sponsors and advisers will need further specific direction from IRS in order to navigate the new self-correction landscape.... [1] What comprises an 'eligible inadvertent failure' and the degree to which inadvertence relates to the criteria of pre-existing practices and procedure for proper plan administration? ... [2] What is meant by completing self-correction within a reasonable time after discovery of the error? ... [3] How closely must the proposed correction method conform to existing EPCRS correction methods, or otherwise conform to correction principles under the Code, in order to be eligible for self-correction?"  MORE >>