Adrine Cargill

Self-Correction of Plan Failures Made Easier — At Least For Now

ADRINE A. CARGILL and JOELLE TAVAN, December 19 2023 Since 1990, the Internal Revenue Service (IRS) has provided plan sponsors with programs and related mechanisms to correct plan qualification failures (or “defects”) and avoid significant penalties for their failures to comply with certain of the tax-qualification requirements under section 401(a) of the Internal Revenue Code […]