Plan Sponsor Basics: Voluntary Correction of Retirement Plan Defects

March 19, 2013
12:00 PM - 01:00 PM

Please join us for the first installment of our 2013 Plan Sponsor Basics webinar series, which focuses on the day-to-day issues that many plan sponsors face in the design and operation of their retirement plans.

This webinar will discuss how to voluntarily correct defects that may arise with a plan's written terms or its operation, with a particular emphasis on the updated version of the Employee Plans Compliance Resolution System (EPCRS) voluntary correction program guidance that was recently issued by the Internal Revenue Service.

Topics will include:

  • A general overview of EPCRS and the structure of "component" programs (self-correction, voluntary compliance, and audit-cap programs)
  • Key updates and refinements established as part of the updated version of EPCRS
  • A walk-through of several common plan defects and corrections, including eligibility failures, automatic enrollment defects, and the failure to timely commence distributions at an employee's required beginning date

Tuesday, March 19, 2013
12-1 pm ET

R. Randall Tracht | Partner, Pittsburgh
Carly E. Grey | Associate, Washington, D.C.
Julia L. Bringhurst, CEBS | Senior Benefits Advisor, Philadelphia

CLE Credit:
CLE credit in FL, IL, NJ, NY, PA, TX, and VA is currently pending approval.

MCLE Credit: This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of California in the amount of  one (1.0) hour of General Education. Morgan Lewis & Bockius LLP, Provider No. 4730, certifies that this activity conforms to the standards for approved education activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education.

For more information, please contact Olive To at oto@morganlewis.com or 215.963.5116.