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Relaxed IRS Self-Correction Rules a Boon for Plan Sponsors—and an Opportunity to Correct Failures Now, Practical Guidance

August 24, 2021

Partner Michelle McCarthy and associates Jacob Oksman and Claire Rowland drafted an article for Practical Guidance about changes the IRS made to the Employee Plans Compliance Resolution System. Plan sponsors are reviewing the rules, which allow for more flexibility in retroactive plan amendments and compliance corrections. This change is especially important in light of heightened regulatory scrutiny.

Read the full Practical Guidance article >>