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IRS’ Latest Compliance Check Program Targets the Roth Feature in 401(k) Plans
Posted by Bernard Kaplan on Thu, Jun 5, 2014 @ 09:12 AM

IRS Sending Employers with Retirement Plans Containing the Roth Feature Questionnaires Seeking Information on Noncompliance Issues

The IRS Employee Plans Compliance Unit has recently launched a Roth Compliance Check Questionnaire Program aimed at helping the IRS understand compliance related to the Roth deferral provision in 401(k) plans. It is intended to verify whether the plans randomly selected comply with the Code as it relates to the Roth provisions, as well as identify any noncompliance issues. If noncompliance is discovered, the IRS may launch a plan audit or advise the employer to seek voluntary correction through the IRS.

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Topics: IRS, Bernard Kaplan, 401(k), noncompliance

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