Morgan Lewis partner Randy Tracht spoke with Bloomberg Tax about how a new rule, Rev. Proc. 2019-19, allows retirement plan providers more opportunities to self-correct administrative errors. Randy says in the article that the updates are “welcome changes” that would save employers time and money. “This likely will reduce the costs and burdens associated with correcting certain plan-related errors,” he told Bloomberg Law.
Read the full Bloomberg Tax* article. (subscription may be required)