Partner Greg Needles and associate Michael Gorman authored an article for Law360 discussing an Issue Snapshot published by the Internal Revenue Service (IRS) reminding 403(b) plan sponsors of a compliance failure often identified by the IRS during audits of government and tax-exempt entities, including hospitals and universities. “By highlighting this issue, the IRS is putting 403(b) plan sponsors on notice that this is an issue they are likely to investigate in an audit,” they write.