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Now Is the Time to Review and Correct Retirement Plan Compliance: IRS Notice 2023-43
Bryan Cave Leighton Paisner LLP 
[Guidance Overview] July 27, 2023 "Until the IRS issues new guidance, plan sponsors may rely on a 'good faith, reasonable interpretation' regarding self-correction, and thoroughly document the self-correction process in the event of future IRS examination. This pause in regulation presents an exceptional opportunity for plan sponsors to review their plans in detail and make all eligible corrections without engaging in a Voluntary Correction Program (VCP) or other IRS intervention." |
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